Morgan Stanley Reiterates “€28.00” Price Target for Jungheinrich (ETR:JUN3)

Morgan Stanley set a €28.00 ($32.56) price target on Jungheinrich (ETR:JUN3) in a report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research firms also recently issued reports on JUN3. Bank of America set a €19.50 ($22.67) price objective on Jungheinrich and gave the company a sell rating in a report on Thursday, October 10th. Deutsche Bank set a €22.00 ($25.58) target price on Jungheinrich and gave the company a neutral rating in a report on Wednesday, October 23rd. Berenberg Bank set a €22.00 ($25.58) target price on Jungheinrich and gave the company a neutral rating in a report on Monday, November 25th. Warburg Research set a €34.00 ($39.53) target price on Jungheinrich and gave the company a buy rating in a research report on Thursday, November 7th. Finally, HSBC set a €24.00 ($27.91) price target on shares of Jungheinrich and gave the stock a neutral rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of €25.41 ($29.55).

JUN3 opened at €23.40 ($27.21) on Thursday. Jungheinrich has a 52 week low of €17.50 ($20.35) and a 52 week high of €32.32 ($37.58). The business has a fifty day simple moving average of €23.00 and a 200-day simple moving average of €22.84. The firm has a market cap of $1.12 billion and a P/E ratio of 13.11. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 171.74.

About Jungheinrich

Jungheinrich Aktiengesellschaft, through its subsidiaries, manufactures and supplies products in the fields of forklift trucks, and warehousing and material flow technology. The company's Intralogistics segment develops, produces, sells, and rents new material handling equipment and warehousing technology products; sale and short-term leasing of new and used equipment; and provides spare parts, as well as maintenance and repair services.

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Analyst Recommendations for Jungheinrich (ETR:JUN3)

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