Kion Group (KGX) Given a €55.00 Price Target by UBS Group Analysts
Kion Group (FRA:KGX) received a €55.00 ($63.95) price objective from equities researchers at UBS Group in a research report issued on Tuesday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 13.26% from the company’s previous close.
KGX has been the topic of a number of other research reports. HSBC set a €70.00 ($81.40) target price on Kion Group and gave the stock a “neutral” rating in a report on Friday, July 27th. Deutsche Bank set a €60.00 ($69.77) target price on Kion Group and gave the stock a “neutral” rating in a report on Friday, July 27th. Baader Bank set a €83.00 ($96.51) target price on Kion Group and gave the stock a “buy” rating in a report on Tuesday, July 17th. Berenberg Bank set a €74.00 ($86.05) target price on Kion Group and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. set a €66.00 ($76.74) target price on Kion Group and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of €68.22 ($79.33).
Shares of KGX opened at €48.56 ($56.47) on Tuesday. Kion Group has a 1 year low of €57.87 ($67.29) and a 1 year high of €81.82 ($95.14).
KION GROUP AG provides supply chain solutions 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 IC 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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