Schaeffler-Aktie: What can be expected in the medium term?

Share price rises by 4.66 percent

The Schaeffler share is currently trading at EUR 5.93 and has risen by 4.66 percent since yesterday's close.

Reasons for the price increase

Several factors could be responsible for the price increase. The positive sentiment regarding Schaeffler's financial results and its automotive business is likely one driver.

In the first quarter of 2023, the company increased its sales by 20 percent to EUR 14.8 billion. At the same time, the automotive supplier increased its profitability significantly. The adjusted EBIT margin improved from 5.9 percent to 9.8 percent.

Analysts regard this development as a sign that Schaeffler is successfully implementing its strategic initiatives and benefiting from the recovery of the automotive industry.

Outlook

Analysts are generally positive about Schaeffler's outlook. They expect the company to continue to benefit from the recovery of the automotive industry and its focus on innovation and new technologies.

In a recent study, Deutsche Bank confirmed its "buy" rating for the Schaeffler share. The target price was raised from EUR 6.00 to EUR 7.50.

Conclusion

The Schaeffler share is currently in an upward trend. The positive financial results and the automotive sector's recovery support the price increase.

Analysts are generally positive about Schaeffler's outlook. They expect the company to continue to benefit from the recovery of the automotive industry and its focus on innovation and new technologies.