Citigroup set a €14.00 ($16.47) price target on Schaeffler (FRA:SHA) in a research note published on Monday morning. The firm currently has a neutral rating on the stock.

Several other brokerages have also weighed in on SHA. Credit Suisse Group set a €19.00 ($22.35) target price on shares of Schaeffler and gave the company a buy rating in a research report on Friday, April 27th. Morgan Stanley set a €15.00 ($17.65) target price on shares of Schaeffler and gave the company a neutral rating in a research report on Tuesday, June 26th. UBS Group set a €12.00 ($14.12) target price on shares of Schaeffler and gave the company a sell rating in a research report on Wednesday, April 4th. Kepler Capital Markets set a €17.50 ($20.59) target price on shares of Schaeffler and gave the company a buy rating in a research report on Wednesday, May 9th. Finally, equinet set a €14.30 ($16.82) target price on shares of Schaeffler and gave the company a buy rating in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of €15.06 ($17.72).

Schaeffler opened at €11.45 ($13.47) on Monday, MarketBeat.com reports. Schaeffler has a 52-week low of €11.30 ($13.29) and a 52-week high of €16.74 ($19.69).

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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.