UBS Group set a €12.00 ($13.95) target price on Schaeffler (FRA:SHA) in a report released on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.

SHA has been the subject of several other reports. Nord/LB set a €13.50 ($15.70) price objective on Schaeffler and gave the company a neutral rating in a research note on Wednesday, May 16th. Deutsche Bank set a €16.00 ($18.60) price objective on Schaeffler and gave the company a neutral rating in a research note on Wednesday, May 9th. equinet set a €14.30 ($16.63) price objective on Schaeffler and gave the company a buy rating in a research note on Thursday. JPMorgan Chase & Co. set a €12.60 ($14.65) price objective on Schaeffler and gave the company a sell rating in a research note on Thursday, May 10th. Finally, Goldman Sachs Group set a €15.70 ($18.26) price objective on Schaeffler and gave the company a neutral rating in a research note on Monday, May 14th. One investment 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 currently has an average rating of Hold and a consensus price target of €14.91 ($17.34).

FRA SHA opened at €12.02 ($13.98) on Thursday. Schaeffler has a one year low of €11.30 ($13.14) and a one year 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.