Schaeffler (FRA:SHA) Given a €7.50 Price Target by JPMorgan Chase & Co. Analysts
Schaeffler (FRA:SHA) has been assigned a €7.50 ($8.72) target price by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.27% from the company’s previous close.
SHA has been the topic of several other reports. UBS Group boosted their price target on T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Bank of America set a €155.00 ($180.23) target price on Continental and gave the company a “buy” rating in a research note on Tuesday, May 14th. Kepler Capital Markets reissued a “hold” rating on shares of Continental in a research note on Friday, June 28th. Finally, Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of €9.24 ($10.75).
Shares of SHA traded down €0.02 ($0.02) during mid-day trading on Monday, reaching €6.86 ($7.98). 342,306 shares of the company’s stock were exchanged. The stock’s fifty day simple moving average is €6.50. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47).
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.
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