Kion Group Ag (OTCMKTS:KIGRY) Given Consensus Recommendation of “Hold” by Analysts - Defense World

2022-08-13 14:45:18 By : Ms. Chelsea Chen

Posted by admin on Aug 8th, 2022

Shares of Kion Group Ag (OTCMKTS:KIGRY – Get Rating) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $71.50.

KIGRY has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Kion Group from €67.00 ($69.07) to €66.00 ($68.04) and set a “neutral” rating on the stock in a research note on Friday, July 29th. Morgan Stanley raised shares of Kion Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kion Group from €75.00 ($77.32) to €54.00 ($55.67) and set a “hold” rating on the stock in a research note on Wednesday, July 6th. Berenberg Bank dropped their price target on shares of Kion Group from €110.00 ($113.40) to €91.00 ($93.81) and set a “buy” rating for the company in a research report on Friday, April 22nd. Finally, Sanford C. Bernstein cut shares of Kion Group from a “market perform” rating to an “underperform” rating in a research report on Monday, July 11th.

Shares of KIGRY stock opened at $11.41 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.60. The firm’s 50-day moving average is $11.02 and its two-hundred day moving average is $15.36. Kion Group has a 12 month low of $9.63 and a 12 month high of $29.30. The company has a market capitalization of $5.99 billion, a PE ratio of 9.06 and a beta of 1.51.

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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