Kion Group (KGX) PT Set at €70.00 by Morgan Stanley

Kion Group (FRA:KGX) has been assigned a €70.00 ($81.40) price objective by research analysts at Morgan Stanley in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 53.54% from the company’s previous close.

Other analysts also recently issued research reports about the company. Deutsche Bank set a €60.00 ($69.77) price target on Kion Group and gave the company a “neutral” rating in a research note on Friday, July 27th. UBS Group set a €70.00 ($81.40) price target on Kion Group and gave the company a “neutral” rating in a research note on Friday, July 6th. Jefferies Financial Group set a €72.00 ($83.72) price target on Kion Group and gave the company a “buy” rating in a research note on Thursday, August 2nd. Societe Generale set a €90.00 ($104.65) price target on Kion Group and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Baader Bank set a €83.00 ($96.51) price target on Kion Group and gave the company a “buy” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of €71.00 ($82.56).

Shares of KGX stock opened at €45.59 ($53.01) on Thursday. Kion Group has a 1-year low of €57.87 ($67.29) and a 1-year high of €81.82 ($95.14).

Kion Group Company Profile

KION GROUP AG provides supply chain solutions 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 IC 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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Analyst Recommendations for Kion Group (FRA:KGX)

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