Kion Group (FRA:KGX – Get Rating) received a €29.00 ($29.90) price objective from equities research analysts at Sanford C. Bernstein in a note issued to investors on Wednesday, Borsen Zeitung reports. Sanford C. Bernstein’s price target indicates a potential downside of 36.58% from the company’s current price.
Several other analysts have also recently issued reports on the stock. Hauck Aufhäuser In… set a €77.00 ($79.38) price objective on shares of Kion Group in a research note on Friday, July 29th. Warburg Research set a €66.00 ($68.04) price objective on shares of Kion Group in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft set a €54.00 ($55.67) price objective on shares of Kion Group in a research note on Wednesday, July 6th. Berenberg Bank set a €68.00 ($70.10) price objective on shares of Kion Group in a research note on Tuesday. Finally, Morgan Stanley set a €63.00 ($64.95) price objective on shares of Kion Group in a research note on Monday, June 27th.
Kion Group Price Performance
KGX stock opened at €45.73 ($47.14) on Wednesday. The firm has a 50-day simple moving average of €42.57 and a 200-day simple moving average of €57.80. Kion Group has a 52 week low of €57.87 ($59.66) and a 52 week high of €81.82 ($84.35).
Kion Group Company Profile
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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