According to The Fly, equity researchers at JPMorgan Chase & Co. modified their recommendation for Kion Group (OTCMKTS: KIGRY) on Thursday, lifting it from a “neutral” rating to an “overweight” one and sending a letter to investors informing them of the change in recommendation. Recently, KIGRY has had comments and suggestions from a wide range of additional research authorities.
In a report published on Wednesday, July 6, Deutsche Bank Aktiengesellschaft decreased their price target on Kion Group shares. The new price target is €54.00 ($55.10), a decline from the previous price objective of €75.00 ($76.53). Morgan Stanley cut their price objective for Kion Group shares to €58.00 ($59.18) from €63.00 ($64.29), which may be converted to the euro, in a research note that was made public on Wednesday, August 10.
The report was made available to the public on Wednesday, August 10. Sanford C. Bernstein’s rating was downgraded from “market perform” to “underperform” in a research report made accessible to the general public on July 11. In a research note that was released on Friday, July 29, UBS Group lowered their target price for Kion Group shares from €83.00 ($84.69) to €75.00 ($76.53) while maintaining their “buy” recommendation on the business. Five research experts have recommended buying the stock, three research experts have recommended keeping it in one’s portfolio, and one research expert has classified it as a sell. The information provided by Bloomberg indicates that the firm is currently rated as having a recommendation from analysts of “Hold” and that its price is anticipated to be $68.80. When the stock market opened on Thursday, the price of a share of KIGRY was $9.89 per unit. The moving average of the company’s stock price over the previous 50 days is $10.73, while the moving average over the last 200 days is $13.92.
The Kion Group reached its all-time high of $29.30 during the company’s most recent 52-week period, while its 52-week low was $9.61. The current market capitalization of the company’s shares is valued at $5.19 billion, while the PE ratio of the stock is 7.85, and the firm’s beta is 1.51. A current ratio of 0.92, a quick ratio of 0.60, and a debt-to-equity ratio of 0.04 are some of the financial ratios that have been calculated. KION GROUP AG is a global provider of various products and services, including industrial vehicles, warehouse technology, supply chain solutions, and other allied offerings. Some of the regions in which it operates are shown below. Supply chain solutions and industrial trucks and services can be seen as the two primary divisions of the corporation. Towing vehicles, ride-on, and hand-operated industrial trucks, and forklifts are some products the company develops, manufactures, and distributes. Other products include: Counterbalance trucks with electric drive and internal combustion engines. Ride-on industrial trucks. Industrial trucks with electric drive. These items are sold under the brand names Linde, Fenwick, STILL, Baoli, and OM, respectively, in the marketplace.
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