UBS Reiterates “€66.00” Price Target for Kion Group (KGX)
Kion Group (FRA:KGX) has been given a €66.00 ($78.57) price target by research analysts at UBS in a research note issued on Tuesday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS’s target price would suggest a potential downside of 2.38% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Citigroup restated a “buy” rating on shares of Kion Group in a report on Monday, December 4th. Deutsche Bank set a €78.00 ($92.86) price target on shares of Kion Group and gave the company a “buy” rating in a report on Monday, December 4th. Morgan Stanley set a €64.00 ($76.19) price target on shares of Kion Group and gave the company a “neutral” rating in a report on Tuesday, November 14th. set a €72.00 ($85.71) price target on shares of Kion Group and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, Baader Bank set a €81.00 ($96.43) price target on shares of Kion Group and gave the company a “buy” rating in a report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of €76.78 ($91.41).
Kion Group (FRA:KGX) traded down €1.71 ($2.04) during trading on Tuesday, hitting €67.61 ($80.49). 696,856 shares of the stock traded hands. Kion Group has a fifty-two week low of €50.49 ($60.11) and a fifty-two week high of €81.82 ($97.40).
About Kion Group
KION GROUP AG provides supply chain solutions worldwide. It operates through three segments: Industrial Trucks and Services, Supply Chain Solutions, and Corporate Services. The company provides diesel and LPG gas forklift trucks, electric forklift trucks, warehouse handling equipment, platform trucks and tractors, and used trucks; Ad hoc services and spare parts; RFID, racking, automation, transport control, and stock management systems, as well as IT and logistics, and fleet data management solutions; and financing and leasing services, as well as truck rental services.
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