Commerzbank set a €60.00 ($69.77) price target on Kion Group (FRA:KGX) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on KGX. UBS Group reissued a buy rating on shares of Kion Group in a research report on Thursday, August 22nd. Goldman Sachs Group set a €44.00 ($51.16) target price on shares of Kion Group and gave the company a sell rating in a research report on Tuesday, September 24th. Bank of America set a €69.00 ($80.23) target price on shares of Kion Group and gave the company a buy rating in a research report on Thursday. Warburg Research set a €61.00 ($70.93) price objective on shares of Kion Group and gave the stock a buy rating in a research report on Monday, July 29th. Finally, Morgan Stanley set a €52.00 ($60.47) price objective on shares of Kion Group and gave the stock a neutral rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Kion Group presently has a consensus rating of Buy and a consensus price target of €57.24 ($66.55).
Shares of Kion Group stock traded down €0.12 ($0.14) during trading on Friday, reaching €49.83 ($57.94). The company’s stock had a trading volume of 229,138 shares. The business’s 50-day moving average price is €45.87 and its 200-day moving average price is €50.85. Kion Group has a 52 week low of €57.87 ($67.29) and a 52 week high of €81.82 ($95.14).
About Kion Group
KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks and Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklifts and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, towing vehicles, and automated trucks and autonomous trucks under the Linde, Fenwick, STILL, OM STILL, Baoli, and OM Voltas brands.
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