Kion Group (FRA:KGX)‘s stock had its “buy” rating reissued by stock analysts at UBS Group in a research note issued on Thursday, Borsen Zeitung reports.
Several other brokerages have also recently issued reports on KGX. DZ Bank reissued a “buy” rating on shares of Kion Group in a report on Monday, June 17th. Deutsche Bank set a €48.00 ($55.81) price objective on Kion Group and gave the company a “neutral” rating in a report on Friday, July 26th. Kepler Capital Markets set a €62.00 ($72.09) price objective on Kion Group and gave the company a “buy” rating in a report on Thursday, April 25th. Berenberg Bank set a €64.00 ($74.42) price objective on Kion Group and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Morgan Stanley set a €54.00 ($62.79) price objective on Kion Group and gave the company a “neutral” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Kion Group presently has a consensus rating of “Buy” and a consensus price target of €57.56 ($66.93).
Shares of KGX stock opened at €42.67 ($49.62) on Thursday. The business has a 50-day simple moving average of €47.80 and a 200-day simple moving average of €51.87. Kion Group has a 52-week low of €57.87 ($67.29) and a 52-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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