Morgan Stanley set a €15.00 ($17.44) target price on Schaeffler (FRA:SHA) in a research report released on Tuesday morning. The firm currently has a neutral rating on the stock.

Several other research analysts also recently commented on SHA. Warburg Research set a €18.50 ($21.51) price objective on Schaeffler and gave the stock a buy rating in a report on Wednesday, May 9th. Kepler Capital Markets set a €17.50 ($20.35) price objective on Schaeffler and gave the stock a buy rating in a report on Wednesday, May 9th. Deutsche Bank set a €16.00 ($18.60) price objective on Schaeffler and gave the stock a neutral rating in a report on Wednesday, May 9th. Credit Suisse Group set a €19.00 ($22.09) price objective on Schaeffler and gave the stock a buy rating in a report on Wednesday, May 9th. Finally, JPMorgan Chase & Co. set a €12.60 ($14.65) price objective on Schaeffler and gave the stock a sell rating in a report on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Schaeffler presently has an average rating of Hold and an average price target of €15.35 ($17.85).

Schaeffler opened at €11.75 ($13.66) on Tuesday, according to Marketbeat Ratings. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month 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.