JPMorgan Chase & Co. Reiterates “€59.50” Price Target for Kion Group (KGX)

Kion Group (FRA:KGX) has been given a €59.50 ($69.19) price objective by equities researchers at JPMorgan Chase & Co. in a research note issued on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 19.43% from the stock’s current price.

KGX has been the topic of several other research reports. Hauck & Aufhaeuser set a €76.00 ($88.37) price objective on shares of Kion Group and gave the company a “buy” rating in a report on Friday, October 12th. Commerzbank set a €63.00 ($73.26) price objective on shares of Kion Group and gave the company a “buy” rating in a report on Tuesday, October 16th. UBS Group set a €70.00 ($81.40) target price on shares of Kion Group and gave the stock a “neutral” rating in a research report on Thursday, August 23rd. HSBC set a €69.00 ($80.23) target price on shares of Kion Group and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Finally, Jefferies Financial Group set a €64.00 ($74.42) target price on shares of Kion Group and gave the stock a “buy” rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of €65.85 ($76.57).

Shares of FRA KGX opened at €49.82 ($57.93) on Monday. Kion Group has a 1-year low of €57.87 ($67.29) and a 1-year high of €81.82 ($95.14).

About Kion Group

KION GROUP AG provides supply chain solutions worldwide. The company operates through Industrial Trucks and Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklifts and warehouse trucks, such as counterbalance trucks with electric drive and IC engine, ride-on and hand-operated industrial trucks, towing vehicles, and automated trucks and autonomous trucks under the Linde, Fenwick, STILL, OM STILL, Baoli, and OM Voltas brands.

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