Oddo Bhf set a €15.50 ($18.02) price objective on Schaeffler (FRA:SHA) in a research report report published on Thursday. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on SHA. Morgan Stanley set a €15.00 ($17.44) target price on Schaeffler and gave the stock a neutral rating in a research report on Tuesday, June 26th. Credit Suisse Group set a €19.00 ($22.09) target price on Schaeffler and gave the stock a buy rating in a research report on Friday, April 27th. Citigroup set a €14.00 ($16.28) target price on Schaeffler and gave the stock a neutral rating in a research report on Monday, July 16th. Kepler Capital Markets set a €17.50 ($20.35) target price on Schaeffler and gave the stock a buy rating in a research report on Tuesday, August 7th. Finally, Warburg Research set a €18.00 ($20.93) target price on Schaeffler and gave the stock a buy rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of €14.79 ($17.19).

SHA stock opened at €11.91 ($13.84) on Thursday. Schaeffler has a twelve month low of €11.30 ($13.14) and a twelve month high of €16.74 ($19.47).

About Schaeffler

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.