Kion Group (FRA:KGX) received a €85.00 ($101.19) price objective from equities researchers at Berenberg Bank in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 12.29% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. set a €89.00 ($105.95) target price on Kion Group and gave the company a “buy” rating in a research note on Monday, September 11th. 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 Tuesday, October 17th. Jefferies Group set a €86.00 ($102.38) price objective on Kion Group and gave the stock a “buy” rating in a research note on Monday, September 18th. set a €86.00 ($102.38) price objective on Kion Group and gave the stock a “buy” rating in a research note on Friday, September 15th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Kion Group in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Kion Group has an average rating of “Buy” and an average target price of €76.03 ($90.51).
Shares of Kion Group (FRA KGX) opened at €75.70 ($90.12) on Wednesday. The company has a market capitalization of $8,970.00 and a price-to-earnings ratio of 27.04. Kion Group has a 52 week low of €50.49 ($60.11) and a 52 week high of €81.82 ($97.40).
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About Kion Group
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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