Kion Group (FRA:KGX) received a €70.00 ($83.33) target price from analysts at Commerzbank in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Commerzbank’s target price would suggest a potential downside of 7.14% from the company’s current price.
A number of other research analysts also recently commented on KGX. Goldman Sachs Group set a €79.00 ($94.05) price objective on Kion Group and gave the stock a “neutral” rating in a research note on Wednesday, September 20th. DZ Bank restated a “buy” rating on shares of Kion Group in a research note on Tuesday, September 26th. Warburg Research set a €72.00 ($85.71) price objective on Kion Group and gave the stock a “sell” rating in a research note on Wednesday, October 4th. Morgan Stanley set a €70.00 ($83.33) price objective on Kion Group and gave the stock a “neutral” rating in a research note on Thursday, October 5th. Finally, Baader Bank set a €89.00 ($105.95) price objective on Kion Group and gave the stock a “buy” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of €75.28 ($89.62).
Shares of Kion Group (FRA:KGX) opened at €75.38 ($89.74) on Thursday. Kion Group has a twelve month low of €51.13 ($60.87) and a twelve month high of €81.82 ($97.40). The firm has a market capitalization of $8,880.00 and a P/E ratio of 26.92.
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Kion Group Company Profile
KION GROUP AG provides supply chain solutions worldwide. It operates through three segments: Industrial Trucks and Services, Supply Chain Solutions, and Corporate Services. The company provides diesel and LPG gas forklift trucks, electric forklift trucks, warehouse handling equipment, platform trucks and tractors, and used trucks; Ad hoc services and spare parts; RFID, racking, automation, transport control, and stock management systems, as well as IT and logistics, and fleet data management solutions; and financing and leasing services, as well as truck rental services.
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