Goldman Sachs Group Reiterates “€74.00” Price Target for Kion Group (KGX)
Kion Group (FRA:KGX) has been given a €74.00 ($88.10) price objective by Goldman Sachs Group in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target indicates a potential downside of 3.95% from the company’s current price.
KGX has been the subject of several other research reports. Morgan Stanley set a €70.00 ($83.33) price objective on shares of Kion Group and gave the company a “neutral” rating in a research report on Friday, October 13th. UBS Group set a €60.00 ($71.43) price objective on shares of Kion Group and gave the company a “sell” rating in a research report on Monday, October 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Kion Group in a research report on Monday, October 9th. Baader Bank set a €81.00 ($96.43) price objective on shares of Kion Group and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, set a €72.00 ($85.71) price objective on shares of Kion Group and gave the company a “neutral” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of €75.91 ($90.36).
Kion Group (FRA:KGX) opened at €77.04 ($91.71) on Friday. Kion Group has a 12-month low of €50.49 ($60.11) and a 12-month high of €81.82 ($97.40). The company has a market cap of $8,940.00 and a price-to-earnings ratio of 27.51.
Kion Group Company Profile
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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