Jungheinrich (ETR:JUN3) PT Set at €25.00 by Morgan Stanley
Jungheinrich (ETR:JUN3) has been assigned a €25.00 ($29.07) target price by investment analysts at Morgan Stanley in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 18.71% from the company’s current price.
Several other brokerages have also issued reports on JUN3. Hauck & Aufhaeuser set a €19.00 ($22.09) price target on shares of Jungheinrich and gave the company a “neutral” rating in a report on Monday, January 6th. Warburg Research set a €34.00 ($39.53) price objective on Jungheinrich and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America set a €19.50 ($22.67) target price on Jungheinrich and gave the stock a “sell” rating in a report on Thursday, October 10th. Kepler Capital Markets set a €19.00 ($22.09) target price on Jungheinrich and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, Baader Bank set a €23.00 ($26.74) price target on Jungheinrich and gave the stock a “neutral” rating in a report on Monday, December 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Jungheinrich presently has a consensus rating of “Hold” and an average price target of €24.50 ($28.49).
JUN3 traded down €0.42 ($0.49) during mid-day trading on Tuesday, hitting €21.06 ($24.49). The stock had a trading volume of 79,102 shares, compared to its average volume of 126,014. The stock’s fifty day simple moving average is €22.60 and its 200-day simple moving average is €22.12. The firm has a market capitalization of $1.01 billion and a price-to-earnings ratio of 11.80. Jungheinrich has a 1-year low of €17.50 ($20.35) and a 1-year high of €32.32 ($37.58). 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 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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