Baader Bank set a €56.00 ($65.12) price objective on Kion Group (FRA:KGX) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research firms have also issued reports on KGX. Bank of America set a €69.00 ($80.23) target price on Kion Group and gave the company a buy rating in a research note on Thursday, October 10th. Commerzbank set a €60.00 ($69.77) target price on Kion Group and gave the company a buy rating in a research note on Friday. UBS Group reiterated a buy rating on shares of Kion Group in a research note on Thursday, August 22nd. Warburg Research set a €61.00 ($70.93) price target on Kion Group and gave the company a buy rating in a report on Monday, July 29th. Finally, Morgan Stanley set a €52.00 ($60.47) price target on Kion Group and gave the company a neutral rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of €57.24 ($66.55).
KGX stock opened at €49.38 ($57.42) on Monday. Kion Group has a 1 year low of €57.87 ($67.29) and a 1 year high of €81.82 ($95.14). The stock has a 50-day simple moving average of €46.35 and a 200-day simple moving average of €50.84.
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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