Kion Group AG (KGX) Given Consensus Rating of “Buy” by Brokerages
Kion Group AG (FRA:KGX) has been assigned a consensus rating of “Buy” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is €61.50 ($71.51).
KGX has been the subject of a number of recent analyst reports. Goldman Sachs Group set a €42.00 ($48.84) price objective on shares of Kion Group and gave the company a “sell” rating in a report on Tuesday, January 8th. Hauck & Aufhaeuser set a €70.00 ($81.40) price objective on shares of Kion Group and gave the company a “buy” rating in a report on Thursday, February 28th. Baader Bank set a €68.00 ($79.07) price objective on shares of Kion Group and gave the company a “buy” rating in a report on Wednesday, March 6th. Berenberg Bank set a €64.00 ($74.42) price objective on shares of Kion Group and gave the company a “buy” rating in a report on Friday, February 15th. Finally, JPMorgan Chase & Co. set a €53.00 ($61.63) price objective on shares of Kion Group and gave the company a “neutral” rating in a report on Friday, March 22nd.
KGX opened at €60.80 ($70.70) on Monday. Kion Group has a fifty-two week low of €57.87 ($67.29) and a fifty-two week high of €81.82 ($95.14).
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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