Kion Group (FRA:KGX) Given a €56.00 Price Target by Morgan Stanley Analysts

Kion Group (FRA:KGX) has been assigned a €56.00 ($65.12) target price by analysts at Morgan Stanley in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 9.15% from the company’s previous close.

Several other research firms have also issued reports on KGX. HSBC set a €63.00 ($73.26) price target on shares of Kion Group and gave the stock a “neutral” rating in a report on Friday, October 25th. Warburg Research set a €61.00 ($70.93) price target on shares of Kion Group and gave the stock a “buy” rating in a report on Thursday, October 24th. Goldman Sachs Group set a €50.00 ($58.14) price target on shares of Kion Group and gave the stock a “sell” rating in a report on Monday. Berenberg Bank set a €59.00 ($68.60) price target on shares of Kion Group and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Kion Group in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of €58.88 ($68.46).

Shares of KGX stock opened at €61.36 ($71.35) on Tuesday. The stock has a 50-day moving average of €61.91 and a 200-day moving average of €53.62. Kion Group has a 1-year low of €57.87 ($67.29) and a 1-year high of €81.82 ($95.14).

Kion Group Company Profile

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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Analyst Recommendations for Kion Group (FRA:KGX)

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