Baader Bank set a €56.00 ($65.12) price objective on Kion Group (FRA:KGX) in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently issued reports on the company. Berenberg Bank set a €64.00 ($74.42) price objective on Kion Group and gave the company a buy rating in a research report on Friday, May 24th. HSBC set a €60.00 ($69.77) price objective on Kion Group and gave the company a buy rating in a research report on Monday, July 29th. Pareto Securities set a €47.00 ($54.65) price objective on Kion Group and gave the company a neutral rating in a research report on Thursday, July 25th. Deutsche Bank set a €48.00 ($55.81) price objective on Kion Group and gave the company a neutral rating in a research report on Friday, July 26th. Finally, Hauck & Aufhaeuser set a €67.00 ($77.91) price objective on Kion Group and gave the company a buy rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Kion Group has a consensus rating of Buy and an average target price of €57.56 ($66.93).
KGX stock opened at €40.95 ($47.62) on Tuesday. Kion Group has a 12-month low of €57.87 ($67.29) and a 12-month high of €81.82 ($95.14). The stock’s 50 day simple moving average is €49.99 and its 200 day simple moving average is €52.25.
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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