Jungheinrich, DE0006219934

MPCM cuts target for Jungheinrich stock from EUR 46 to EUR 41

Published on 10/12/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half orders rose 7.70 percent to EUR 2.95 billion. Jungheinrich stock costs EUR 21.38 on October 12, 2026 versus Xetra's EUR 21.20 close.

Key points in brief

MPCM cut its Jungheinrich target from EUR 46.00 to EUR 41.00 on October 9, 2026, while retaining Buy.
First-half 2026 order intake rose 7.70 percent to EUR 2.95 billion, but net income fell to EUR 73.20 million.
Jungheinrich stock was at EUR 21.38 at Lang & Schwarz on October 12, 2026, up EUR 0.18 or 0.85 percent versus the Xetra close of October 9.
The next reporting date is November 10, 2026, for third-quarter results.

Bauhaus-Poster: geometrische Formen, INTRALOGISTIK-Text, abstrakte Gabelstapler-Silhouette — Jungheinrich AG (Vz.) DE0006219934 geometrisches Bauhaus-Poster mit INTRALOGISTIK-Text MDAX Hamburg und abstraktem Stapler, Illustration mit AI erstellt.

Jungheinrich stock (ISIN DE0006219934) was at EUR 21.38 at Lang & Schwarz in trading on October 12, 2026, up EUR 0.18 or 0.85 percent versus the Xetra close of October 9, 2026. On October 9, MPCM cut its Jungheinrich target from EUR 46.00 to EUR 41.00 but kept its Buy rating, according to FinanzNachrichten.

Three target changes shape the chart

On September 25, 2026, Berenberg kept its Buy rating and a EUR 37.00 target for Jungheinrich, according to FinanzNachrichten. On October 8, Bank of America cut its rating to Underperform and reduced its target from EUR 35.00 to EUR 21.00, as reported by finanzen.net.

MPCM's latest EUR 41.00 target sits EUR 19.62 above the Lang & Schwarz price, an implied 91.77 percent premium to the current euro quote. The contrast between the targets reflects a wide range of assumptions about demand, margins and the speed of recovery in European materials-handling markets.

What do the half-year figures mean?

Jungheinrich's first-half 2026 order intake rose 7.70 percent year over year to EUR 2.95 billion, while revenue increased to EUR 2.67 billion. The same period brought a weaker earnings profile: EBIT fell from EUR 210.50 million to EUR 144.90 million, the EBIT margin was 5.40 percent, and net income dropped from EUR 139.00 million to EUR 73.20 million, according to Investing.com. The report attributed EUR 33.80 million of one-off effects to the result, including EUR 20.50 million from the sale of the Russian subsidiary.

This creates a clear operating tension. Orders improved by EUR 211.00 million year over year, but EBIT declined by EUR 65.60 million and net income nearly halved. The margin recovery in the Intelligent Transport Systems division is therefore central to the revised analyst view.

Two dates define the next test

Jungheinrich is scheduled to publish third-quarter results on November 10, 2026, while the planned completion of the global workforce reduction is dated December 31, 2026, according to Investing.com. The results will show whether order growth is beginning to offset the lower operating margin.

Stock remains near its yearly low

At EUR 21.38, Jungheinrich is EUR 16.78 below its 52-week high of EUR 38.16 and EUR 0.74 above its 52-week low of EUR 20.64, based on the October 9, 2026 market snapshot. Market capitalization stood at EUR 2.2 billion on that date, putting the current quote close to the lower end of its yearly range.

The stock was at EUR 21.38 at Lang & Schwarz on October 12, 2026 at 9:00 a.m. CEST, up EUR 0.18 or 0.85 percent versus the Xetra close of October 9, 2026 at EUR 21.20. The further course of trading is shown by the continuously updated real-time quote of Jungheinrich stock.