Bank of America set a €5.40 ($6.28) price objective on Schaeffler (FRA:SHA) in a report published on Friday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Several other research firms also recently weighed in on SHA. Deutsche Bank set a €7.00 ($8.14) target price on shares of Schaeffler and gave the company a neutral rating in a report on Wednesday, August 7th. Nord/LB set a €6.50 ($7.56) target price on shares of Schaeffler and gave the company a neutral rating in a report on Monday, August 12th. Kepler Capital Markets set a €9.50 ($11.05) target price on shares of Schaeffler and gave the company a buy rating in a report on Friday, June 28th. UBS Group set a €6.00 ($6.98) target price on shares of Schaeffler and gave the company a sell rating in a report on Monday, August 12th. Finally, Sanford C. Bernstein set a €9.00 ($10.47) target price on shares of Schaeffler and gave the company a neutral rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of €8.63 ($10.03).

Shares of FRA SHA opened at €5.93 ($6.90) on Friday. The company has a 50 day simple moving average of €6.38 and a 200-day simple moving average of €7.08. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 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.

Featured Article: Cost of Capital

Analyst Recommendations for Schaeffler (FRA:SHA)

Receive News & Ratings for Schaeffler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schaeffler and related companies with MarketBeat.com's FREE daily email newsletter.