Kion Group (KGX) Given a €63.00 Price Target at Commerzbank
Kion Group (FRA:KGX) has been assigned a €63.00 ($73.26) price target by investment analysts at Commerzbank in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Commerzbank’s target price indicates a potential upside of 24.70% from the company’s previous close.
A number of other research firms also recently commented on KGX. Baader Bank set a €83.00 ($96.51) target price on shares of Kion Group and gave the company a “buy” rating in a research report on Tuesday, July 17th. Berenberg Bank set a €74.00 ($86.05) target price on shares of Kion Group and gave the company a “buy” rating in a research report on Tuesday, July 24th. DZ Bank reissued a “buy” rating on shares of Kion Group in a research report on Tuesday, August 28th. Hauck & Aufhaeuser set a €76.00 ($88.37) target price on shares of Kion Group and gave the company a “buy” rating in a research report on Tuesday, September 4th. Finally, Kepler Capital Markets set a €82.00 ($95.35) target price on shares of Kion Group and gave the company a “buy” rating in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of €66.71 ($77.56).
FRA KGX opened at €50.52 ($58.74) on Thursday. Kion Group has a one year low of €57.87 ($67.29) and a one 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.
Further Reading: Fundamental Analysis and Individual Investors
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