Jungheinrich, DE0006219934

Berenberg keeps Buy rating for Jungheinrich stock

Published on 10/05/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Order intake rose 7.70 percent to EUR 2.954 billion in first half 2026. Jungheinrich stock costs EUR 22.88 on October 5, 2026 versus EUR 22.93.

Flatlay: Aktienzertifikat, ISIN-Karte DE0006219934, Hubwagenmodell und Intralogistik-Utensilien — Jungheinrich AG (Vz.) DE0006219934 Flatlay mit Aktienzertifikat ISIN-Karte Hubwagenmodell Lithiumbatterie und Lagerwerkzeug, Illustration mit AI erstellt.

Jungheinrich (ISIN DE0006219934) was trading at EUR 22.88 at Lang & Schwarz on October 5, 2026 at 12:05 p.m. CEST, down 0.22 percent versus the prior close of EUR 22.93. According to FinanzNachrichten.de on September 25, 2026, Berenberg kept its Buy rating and a EUR 37.00 price target for the stock.

Berenberg sees a EUR 37 target

Berenberg analyst Chris Armstrong linked the positive view to an expected recovery in the German economy, supported by fiscal measures and higher exports, the report said. The EUR 37.00 target stands EUR 14.12 above the Lang & Schwarz price, which equals 61.71 percent upside when both values are measured in euros.

The rating came after a difficult market phase for Jungheinrich. The company is therefore being assessed on a recovery case rather than on price momentum alone, making the latest operating figures central to the valuation discussion.

Orders rise as profit falls

Jungheinrich's first-half 2026 order intake rose 7.70 percent to EUR 2.954 billion, while revenue reached EUR 2.669 billion, according to Investing.com on September 25, 2026. The same report said EBIT fell from EUR 210.5 million in the first half of 2025 to EUR 144.9 million in the first half of 2026, reducing the EBIT margin to 5.40 percent.

Net profit declined from EUR 139.0 million to EUR 73.2 million over the same period. That contrast gives the stock its central tension: demand indicators improved, but earnings conversion weakened materially.

Insider purchase adds a signal

On September 22, 2026, supervisory board member Andreas Umbach bought Jungheinrich shares through a joint account at EUR 25.22 per share, with an aggregated transaction value of EUR 50,440, according to TradingView. The transaction price was 10.24 percent above the October 5 Lang & Schwarz quote, although the two figures refer to different dates and purposes.

For investors, the operating comparison matters more than the insider transaction alone. Jungheinrich combines higher order intake with lower first-half EBIT and profit, while Berenberg's EUR 37.00 target reflects a recovery scenario rather than the current earnings level.

Stock remains below the target

Jungheinrich was trading at EUR 22.88 at Lang & Schwarz on October 5, 2026 at 12:05 p.m. CEST, down 0.22 percent versus the prior close of EUR 22.93. The further course of trading is shown by the continuously updated real-time quote of Jungheinrich stock.