Schaeffler (FRA:SHA) Given a €7.50 Price Target by JPMorgan Chase & Co. Analysts

Schaeffler (FRA:SHA) received a €7.50 ($8.43) target price from investment analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 12.44% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group set a €7.40 ($8.31) price objective on shares of Schaeffler and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Kepler Capital Markets set a €7.50 ($8.43) price target on Schaeffler and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank set a €6.00 ($6.74) price objective on Schaeffler and gave the stock a “neutral” rating in a research note on Thursday, May 7th. DZ Bank restated a “neutral” rating on shares of Schaeffler in a research note on Wednesday, May 27th. Finally, Citigroup set a €6.50 ($7.30) price target on Schaeffler and gave the company a “neutral” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of €7.51 ($8.44).

Shares of FRA:SHA opened at €6.67 ($7.49) on Wednesday. The company’s fifty day moving average is €6.77 and its 200-day moving average is €7.67. Schaeffler has a 52 week low of €11.30 ($12.70) and a 52 week high of €16.74 ($18.81).

About Schaeffler

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components.

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Analyst Recommendations for Schaeffler (FRA:SHA)

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