Kion Group (FRA:KGX) has been given a €56.00 ($65.12) price objective by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 9.36% from the company’s previous close.
A number of other equities research analysts have also weighed in on the company. Berenberg Bank set a €59.00 ($68.60) target price on Kion Group and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Bank of America set a €69.00 ($80.23) price target on Kion Group and gave the stock a “buy” rating in a research report on Thursday, October 10th. Baader Bank set a €64.00 ($74.42) target price on shares of Kion Group and gave the stock a “neutral” rating in a report on Monday, December 2nd. DZ Bank reiterated a “buy” rating on shares of Kion Group in a report on Thursday, October 24th. Finally, Deutsche Bank set a €48.00 ($55.81) price target on shares of Kion Group and gave the company a “neutral” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Kion Group currently has a consensus rating of “Hold” and an average price target of €57.38 ($66.72).
Shares of FRA:KGX opened at €61.78 ($71.84) on Monday. The stock’s 50-day moving average price is €58.68 and its 200-day moving average price is €51.61. Kion Group has a 12-month low of €57.87 ($67.29) and a 12-month high of €81.82 ($95.14).
Kion Group Company Profile
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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