Goldman Sachs Group set a €43.00 ($50.00) target price on Kion Group (FRA:KGX) in a research note released on Wednesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other brokerages have also issued reports on KGX. Baader Bank set a €54.00 ($62.79) price target on Norma Group and gave the stock a buy rating in a research note on Thursday, April 25th. Jefferies Financial Group raised their price target on Monster Beverage from $65.00 to $70.00 and gave the stock a buy rating in a research note on Friday, May 3rd. Berenberg Bank reissued a hold rating and set a GBX 320 ($4.18) price target on shares of Helical in a research note on Friday, May 24th. Deutsche Bank reissued a buy rating and set a $24.00 price target on shares of ABB in a research note on Tuesday, May 21st. Finally, DZ Bank reissued a buy rating on shares of Kion Group in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of €60.47 ($70.31).
Shares of KGX stock opened at €51.62 ($60.02) on Wednesday. Kion Group has a 52-week low of €57.87 ($67.29) and a 52-week high of €81.82 ($95.14). The business’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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