Commerzbank Reiterates €35.00 Price Target for Jungheinrich (JUN3)
Jungheinrich (ETR:JUN3) has been given a €35.00 ($40.70) target price by equities research analysts at Commerzbank in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Commerzbank’s price target suggests a potential upside of 27.46% from the company’s previous close.
A number of other equities research analysts have also recently commented on JUN3. Hauck & Aufhaeuser set a €39.00 ($45.35) target price on Jungheinrich and gave the stock a “buy” rating in a research note on Thursday, June 21st. Warburg Research set a €42.00 ($48.84) target price on Jungheinrich and gave the stock a “buy” rating in a research note on Tuesday, June 26th. Citigroup set a €34.50 ($40.12) target price on Jungheinrich and gave the stock a “neutral” rating in a research note on Wednesday, July 4th. Baader Bank set a €33.00 ($38.37) price objective on Jungheinrich and gave the company a “sell” rating in a research report on Tuesday, July 31st. Finally, Berenberg Bank set a €34.00 ($39.53) price objective on Jungheinrich and gave the company a “neutral” rating in a research report on Thursday, August 2nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €35.71 ($41.52).
ETR JUN3 opened at €27.46 ($31.93) on Wednesday. Jungheinrich has a 12 month low of €28.33 ($32.94) and a 12 month high of €42.94 ($49.93).
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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