Kion Group (FRA:KGX)‘s stock had its “buy” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday.
A number of other equities analysts have also recently weighed in on the stock. Nord/LB set a €58.00 ($69.05) price objective on shares of Kion Group and gave the stock a “sell” rating in a research report on Friday, December 22nd. Berenberg Bank set a €85.00 ($101.19) price objective on shares of Kion Group and gave the stock a “buy” rating in a research report on Thursday, December 28th. Deutsche Bank set a €78.00 ($92.86) price objective on shares of Kion Group and gave the stock a “buy” rating in a research report on Monday, December 4th. Citigroup restated a “buy” rating on shares of Kion Group in a research report on Monday, December 4th. Finally, set a €72.00 ($85.71) price objective on shares of Kion Group and gave the stock a “neutral” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Kion Group has a consensus rating of “Buy” and an average target price of €76.03 ($90.51).
Shares of Kion Group (FRA KGX) traded down €1.52 ($1.81) during midday trading on Wednesday, reaching €75.68 ($90.10). 631 shares of the company were exchanged. Kion Group has a 12-month low of €50.49 ($60.11) and a 12-month high of €81.82 ($97.40). The stock has a market capitalization of $8,930.00 and a P/E ratio of 27.03.
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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