Breaking: Commerzbank AG Reaffirms EUR 80.00 TP On Jungheinrich (ETR:JUN3) Shares, Reaffirms Their Original Hold Rating

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Jungheinrich (ETR:JUN3) Rating Reaffirmed

Recently, In analysts note issued to investors and clients on Saturday, 5 December, Jungheinrich (ETR:JUN3) shares have had their Hold Rating has reaffirmed by research professionals at Commerzbank AG, who currently has a EUR 80.00 Estimated Target Price on firm. This target by Commerzbank AG means the possibile upside of 5.82% from the price per share.

From a total of 9 analysts covering Jungheinrich (ETR:JUN3) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is €79 while the lowest target price is €60. The mean of all analyst targets is €71.25 with a -5.47% below today’s (€75.37) stock price. Jungheinrich was the topic of 15 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on December 1 to “Buy” rating. Baader Wertpapierhandelsbank maintained shares with “Hold” rating and €68 target share price in a report from an October 22. Hauck & Aufhäuser Privatbankiers KGaA upgraded JUN3 stock in a recent report from November 19 to “Buy” rating. Jefferies upgraded the rating on September 12. Jefferies has a “Buy” rating and a €70 price target on shares. Finally, Bankhaus Lampe maintained the stock with “Hold” rating in a report issued on a November 10.

The stock increased 2.61% or EUR 1.92 on December 4, striking EUR 75.37. Approximately 60,398 shares of stock traded hands or 21.94% up from the average. Jungheinrich AG (ETR:JUN3) has risen 16.21% since May 8, 2015 and is uptrending. It has outperformed by 19.00% the S&P500.

Breaking: Commerzbank AG Reaffirms EUR 80.00 TP On Jungheinrich (ETR:JUN3) Shares, Reaffirms Their Original Hold Rating

Jungheinrich AG is a Germany-based holding firm engaged in material handling equipment, warehousing and material flow engineering sectors, as well as in warehousing technology. The company has a market cap of 1.17 billion EUR. The Intralogistics segment encompasses the development, production, sale and short-term hire of new material handling equipment and warehousing technology products including logistics systems as well as the sale and short-term hire of used equipment and after-sales services, consisting of maintenance, repair and spare parts. It has 18.65 P/E ratio. Activities undertaken by the Financial Services segment encompass the pan-European sales financing and usage transfer of material handling equipment and warehousing technology products.

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