Goldman Sachs Group set a €43.00 ($50.00) target price on Kion Group (FRA:KGX) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
KGX has been the subject of several other research reports. UBS Group downgraded shares of to a neutral rating and dropped their price target for the company from GBX 870 ($11.37) to GBX 650 ($8.49) in a research note on Wednesday, June 19th. Deutsche Bank reaffirmed a buy rating and set a $24.00 price target on shares of ABB in a research note on Tuesday, May 21st. DZ Bank reaffirmed a buy rating on shares of Kion Group in a research note on Monday, June 17th. HSBC set a $122.00 price target on shares of Tiffany & Co. and gave the company a buy rating in a research note on Friday, June 14th. Finally, Morgan Stanley set a $165.00 price target on shares of Caterpillar and gave the company a buy rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of €60.73 ($70.62).
Kion Group stock traded up €0.16 ($0.19) during mid-day trading on Wednesday, reaching €50.68 ($58.93). The company had a trading volume of 596,370 shares. The company has a fifty day moving average of €52.57. Kion Group has a fifty-two week low of €57.87 ($67.29) and a fifty-two 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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