Kion Group (OTCMKTS:KIGRY) Price Target Cut to €42.00

Kion Group (OTCMKTS:KIGRYGet Rating) had its price objective cut by equities researchers at JPMorgan Chase & Co. from €58.00 ($59.18) to €42.00 ($42.86) in a research report issued on Wednesday, The Fly reports.

Several other equities analysts have also commented on the company. Exane BNP Paribas lowered Kion Group from an “outperform” rating to a “neutral” rating and set a €35.00 ($35.71) price objective for the company. in a research report on Wednesday. Sanford C. Bernstein lowered Kion Group from a “market perform” rating to an “underperform” rating in a research report on Monday, July 11th. Morgan Stanley lowered their price objective on Kion Group from €63.00 ($64.29) to €58.00 ($59.18) in a research report on Wednesday, August 10th. UBS Group lowered their price target on Kion Group from €83.00 ($84.69) to €75.00 ($76.53) and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, Oddo Bhf lowered Kion Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.43.

Kion Group Stock Performance

Shares of Kion Group stock opened at $5.56 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.60 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.92 billion, a P/E ratio of 4.41 and a beta of 1.53. The business has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $12.90. Kion Group has a 12 month low of $5.43 and a 12 month high of $29.30.

Kion Group Company Profile

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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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