Kion Group (FRA:KGX) has been assigned a €74.00 ($91.36) price objective by investment analysts at Goldman Sachs in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs’ price target points to a potential downside of 3.57% from the company’s current price.
Several other research analysts have also commented on the stock. JPMorgan Chase restated a “buy” rating on shares of Kion Group in a report on Thursday. Citigroup set a €80.00 ($98.77) price objective on shares of Kion Group and gave the company a “neutral” rating in a research report on Friday, April 6th. Jefferies Group set a €85.00 ($104.94) price objective on shares of Kion Group and gave the company a “buy” rating in a research report on Friday, April 6th. Kepler Capital Markets set a €82.00 ($101.23) price objective on shares of Kion Group and gave the company a “buy” rating in a research report on Wednesday, March 14th. Finally, Commerzbank set a €70.00 ($86.42) price objective on shares of Kion Group and gave the company a “neutral” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Kion Group has a consensus rating of “Buy” and a consensus target price of €76.56 ($94.52).
FRA KGX opened at €76.74 ($94.74) on Friday. Kion Group has a one year low of €57.87 ($71.44) and a one year high of €81.82 ($101.01).
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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