Schaeffler AG (FRA:SHA) Given Average Recommendation of “Hold” by Brokerages

Schaeffler AG (FRA:SHA) has been given a consensus recommendation of “Hold” by the eighteen analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is €9.42 ($10.96).

SHA has been the subject of several recent analyst reports. Kepler Capital Markets set a €10.60 ($12.33) target price on Schaeffler and gave the company a “buy” rating in a research report on Wednesday, April 10th. DZ Bank restated a “buy” rating on shares of Schaeffler in a research report on Tuesday, March 26th. Credit Suisse Group set a €10.50 ($12.21) target price on Schaeffler and gave the company a “buy” rating in a research report on Thursday, May 9th. HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Finally, Nord/LB set a €7.50 ($8.72) target price on Schaeffler and gave the company a “neutral” rating in a research report on Monday, March 25th.

Shares of FRA:SHA opened at €6.70 ($7.79) on Monday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47).

 Schaeffler Company Profile

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.