A number of other brokerages have also weighed in on KGX. Goldman Sachs Group set a €74.00 ($91.36) price objective on Kion Group and gave the stock a neutral rating in a report on Friday, January 12th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Kion Group in a report on Wednesday, January 10th. Citigroup set a €88.00 ($108.64) price objective on Kion Group and gave the stock a buy rating in a report on Thursday, January 11th. Commerzbank set a €70.00 ($86.42) price objective on Kion Group and gave the stock a neutral rating in a report on Thursday, January 18th. Finally, Nord/LB set a €58.00 ($71.60) price objective on Kion Group and gave the stock a sell rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of €75.53 ($93.25).
Shares of Kion Group (FRA KGX) traded up €2.60 ($3.21) during mid-day trading on Friday, reaching €71.30 ($88.02). The company had a trading volume of 279,739 shares. Kion Group has a 52-week low of €54.08 ($66.77) and a 52-week high of €81.82 ($101.01). The firm has a market capitalization of $8,450.00 and a price-to-earnings ratio of 25.46.
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About Kion Group
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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