A number of other research analysts also recently weighed in on KGX. DZ Bank restated a “buy” rating on shares of Kion Group in a research note on Monday, June 17th. UBS Group downgraded to a “neutral” rating and decreased their price target for the company from GBX 870 ($11.37) to GBX 650 ($8.49) in a research note on Wednesday, June 19th. Morgan Stanley set a $165.00 price target on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, April 10th. Goldman Sachs Group set a €43.00 ($50.00) price target on Kion Group and gave the company a “sell” rating in a research note on Wednesday, July 3rd. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 320 ($4.18) price target on shares of Helical in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Kion Group has an average rating of “Buy” and a consensus target price of €60.73 ($70.62).
Shares of FRA:KGX traded up €0.16 ($0.19) during mid-day trading on Tuesday, reaching €50.68 ($58.93). 596,370 shares of the stock were exchanged. Kion Group has a one year low of €57.87 ($67.29) and a one year high of €81.82 ($95.14). The business’s 50 day moving average price is €52.65.
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.
Further Reading: Preferred Stock
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