Jungheinrich (ETR:JUN3) Given a €19.50 Price Target by Bank of America Analysts

Jungheinrich (ETR:JUN3) has been assigned a €19.50 ($22.67) target price by Bank of America in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Bank of America‘s target price indicates a potential downside of 6.16% from the company’s current price.

A number of other research firms have also recently commented on JUN3. HSBC set a €21.00 ($24.42) price objective on Jungheinrich and gave the company a “neutral” rating in a report on Friday, September 27th. Berenberg Bank set a €24.00 ($27.91) price objective on Jungheinrich and gave the company a “neutral” rating in a report on Friday, September 13th. Jefferies Financial Group set a €34.00 ($39.53) price objective on Jungheinrich and gave the company a “buy” rating in a report on Tuesday, July 23rd. Pareto Securities set a €30.00 ($34.88) price objective on Jungheinrich and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Baader Bank set a €23.00 ($26.74) price objective on Jungheinrich and gave the company a “neutral” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €26.38 ($30.67).

JUN3 opened at €20.78 ($24.16) on Thursday. Jungheinrich has a one year low of €17.50 ($20.35) and a one year high of €32.32 ($37.58). The stock has a market capitalization of $997.44 million and a PE ratio of 11.86. The business’s 50 day moving average price is €20.02 and its 200 day moving average price is €24.72. The company has a debt-to-equity ratio of 171.74, a quick ratio of 0.95 and a current ratio of 1.45.

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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