Morgan Stanley set a €26.00 ($30.23) target price on Jungheinrich (ETR:JUN3) in a research report report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Hauck & Aufhaeuser set a €21.00 ($24.42) target price on Jungheinrich and gave the company a neutral rating in a report on Wednesday, August 28th. Baader Bank set a €23.00 ($26.74) target price on Jungheinrich and gave the company a neutral rating in a report on Thursday, August 8th. Jefferies Financial Group set a €34.00 ($39.53) target price on Jungheinrich and gave the company a buy rating in a report on Tuesday, July 23rd. Berenberg Bank set a €30.00 ($34.88) target price on Jungheinrich and gave the company a neutral rating in a report on Thursday, June 13th. Finally, HSBC set a €21.00 ($24.42) target price on Jungheinrich and gave the company a neutral rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of €27.38 ($31.84).

ETR:JUN3 traded up €0.32 ($0.37) during trading hours on Thursday, reaching €22.72 ($26.42). 158,854 shares of the company traded hands, compared to its average volume of 126,014. The firm’s 50-day moving average is €19.98 and its 200-day moving average is €25.71. The stock has a market cap of $1.08 billion and a P/E ratio of 12.97. The company has a debt-to-equity ratio of 171.74, a current ratio of 1.45 and a quick ratio of 0.95. Jungheinrich has a 1-year low of €17.50 ($20.35) and a 1-year high of €33.50 ($38.95).

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.

Further Reading: The limitations of an equal weight rating

Analyst Recommendations for Jungheinrich (ETR:JUN3)

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