Kion Group (FRA:KGX) received a €48.00 ($55.81) price target from Deutsche Bank in a research note issued to investors on Friday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 7.01% from the company’s current price.
Several other research analysts have also commented on the company. Jefferies Financial Group lifted their price target on Monster Beverage from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Kepler Capital Markets set a €27.00 ($31.40) price target on Jungheinrich and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Baader Bank set a €54.00 ($62.79) price target on Norma Group and gave the stock a “buy” rating in a research report on Thursday, April 25th. UBS Group lowered to a “neutral” rating and cut their price target for the stock from GBX 870 ($11.37) to GBX 650 ($8.49) in a research report on Wednesday, June 19th. Finally, DZ Bank reissued a “buy” rating on shares of Kion Group in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of €60.47 ($70.31).
Shares of FRA KGX opened at €51.62 ($60.02) on Friday. Kion Group has a fifty-two week low of €57.87 ($67.29) and a fifty-two week high of €81.82 ($95.14). The stock’s 50-day simple moving average is €52.56.
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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