Kion Group (OTCMKTS:KIGRY) Price Target Cut to €32.00

Kion Group (OTCMKTS:KIGRYGet Rating) had its target price trimmed by Deutsche Bank Aktiengesellschaft from €54.00 ($55.10) to €32.00 ($32.65) in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also recently weighed in on KIGRY. JPMorgan Chase & Co. cut their target price on Kion Group from €58.00 ($59.18) to €42.00 ($42.86) in a research note on Wednesday, September 14th. Sanford C. Bernstein cut Kion Group from a market perform rating to an underperform rating in a research note on Monday, July 11th. Morgan Stanley cut their target price on Kion Group from €63.00 ($64.29) to €58.00 ($59.18) in a research note on Wednesday, August 10th. Oddo Bhf cut Kion Group from an outperform rating to a neutral rating in a research note on Wednesday, September 14th. Finally, The Goldman Sachs Group upgraded Kion Group from a sell rating to a neutral rating in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Kion Group presently has a consensus rating of Hold and an average price target of $51.29.

Kion Group Stock Down 5.1 %

OTCMKTS KIGRY opened at $4.79 on Tuesday. The business has a fifty day moving average price of $9.75 and a two-hundred day moving average price of $12.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.60. Kion Group has a fifty-two week low of $4.75 and a fifty-two week high of $29.30. The stock has a market capitalization of $2.51 billion, a PE ratio of 3.80 and a beta of 1.53.

Kion Group Company Profile

(Get Rating)

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks & Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklift and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, and towing vehicles under the Linde, Fenwick, STILL, Baoli, and OM brand names.

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