Goldman Sachs Group set a €50.00 ($58.14) target price on Kion Group (FRA:KGX) in a research report sent to investors on Monday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other brokerages have also recently weighed in on KGX. Morgan Stanley set a €56.00 ($65.12) target price on shares of Kion Group and gave the stock a neutral rating in a report on Monday, December 16th. JPMorgan Chase & Co. set a €56.00 ($65.12) price objective on shares of Kion Group and gave the stock a neutral rating in a research note on Wednesday, January 8th. DZ Bank reaffirmed a buy rating on shares of Kion Group in a research note on Thursday, October 24th. Kepler Capital Markets set a €67.00 ($77.91) price objective on shares of Kion Group and gave the stock a buy rating in a research note on Monday, January 6th. Finally, Commerzbank set a €60.00 ($69.77) price objective on shares of Kion Group and gave the stock a buy rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Kion Group has an average rating of Hold and a consensus price target of €58.88 ($68.46).
Shares of FRA:KGX opened at €62.48 ($72.65) 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 company has a 50 day moving average price of €61.95 and a 200 day moving average price of €53.66.
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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