Schaeffler stock up slightly (4.6265 €)

Sharp increase in the DAX: Schaeffler share rises slightly

On the Frankfurt Stock Exchange, the Schaeffler share was traded at 4.6265 euros in the morning, representing a slight increase of 0.36 percent compared to the previous day's closing price of 4.6100 euros. The DAX also opened significantly higher this morning, currently showing a plus of 1.12 percent at 15,295.72 points.

Overall, the Schaeffler share has been on a recovery course in recent weeks after a strong decline in the previous months. Since the beginning of the year, the share price has now risen by around 10 percent.

Outlook: analysts see further price increases

According to analysts, the Schaeffler share could continue to rise in the coming weeks and months. The company's business development is viewed positively, and the recovery in the automotive industry is also likely to benefit Schaeffler. The consensus price target of analysts surveyed by Bloomberg is currently 5.20 euros, which would represent an increase of around 12 percent compared to the current price.