UBS Group Reiterates “€70.00” Price Target for Kion Group (FRA:KGX)
Kion Group (FRA:KGX) has been assigned a €70.00 ($86.42) price objective by equities research analysts at UBS Group in a research note issued on Friday, February 16th, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential downside of 4.35% from the stock’s previous close.
A number of other research firms have also commented on KGX. Berenberg Bank set a €85.00 ($104.94) price objective on shares of Kion Group and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Citigroup set a €88.00 ($108.64) price objective on shares of Kion Group and gave the company a “buy” rating in a research note on Thursday, January 11th. Nord/LB set a €58.00 ($71.60) price objective on shares of Kion Group and gave the company a “sell” rating in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Kion Group in a research note on Wednesday, January 10th. Finally, DZ Bank restated a “buy” rating on shares of Kion Group in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of €76.44 ($94.37).
Kion Group (FRA KGX) traded up €0.80 ($0.99) on Friday, hitting €73.36 ($90.57). 562 shares of the company traded hands. The firm has a market cap of $8,630.00 and a PE ratio of 19.93. Kion Group has a 1 year low of €57.87 ($71.44) and a 1 year high of €81.82 ($101.01).
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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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