Kion Group AG (FRA:KGX) has been assigned a €70.00 ($82.35) price objective by Morgan Stanley in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the stock.

A number of other equities analysts also recently commented on KGX. Citigroup Inc. restated a “buy” rating on shares of Kion Group AG in a report on Wednesday, June 14th. UBS AG set a €72.00 ($84.71) price objective on Kion Group AG and gave the stock a “neutral” rating in a report on Wednesday, June 21st. Nord/LB set a €65.00 ($76.47) price objective on Kion Group AG and gave the stock a “neutral” rating in a report on Wednesday, June 28th. HSBC Holdings plc set a €72.00 ($84.71) price objective on Kion Group AG and gave the stock a “buy” rating in a report on Friday, June 30th. Finally, Societe Generale set a €79.00 ($92.94) price objective on Kion Group AG and gave the stock a “buy” rating in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of €76.07 ($89.50).

Shares of Kion Group AG (KGX) opened at 80.28 on Thursday. The company has a 50-day moving average of €77.96 and a 200-day moving average of €69.15. Kion Group AG has a 12-month low of €48.23 and a 12-month high of €81.82. The stock has a market capitalization of €9.47 billion and a P/E ratio of 29.29.

TRADEMARK VIOLATION NOTICE: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/05/kion-group-ag-kgx-given-a-70-00-price-target-at-morgan-stanley.html.

Analyst Recommendations for Kion Group AG (FRA:KGX)

Receive News & Ratings for Kion Group AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kion Group AG and related companies with MarketBeat.com's FREE daily email newsletter.