Kion Group AG (KGX) Given a €70.00 Price Target at Morgan Stanley
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.
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