Kion Group (OTCMKTS:KIGRY) Price Target Cut to €32.00 by Analysts at Deutsche Bank Aktiengesellschaft

Kion Group (OTCMKTS:KIGRYGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from €54.00 ($55.10) to €32.00 ($32.65) in a research report report published on Tuesday morning, The Fly reports. They currently have a hold rating on the stock.

A number of other research analysts also recently weighed in on the stock. Societe Generale cut their price target on shares of Kion Group from €48.00 ($48.98) to €26.00 ($26.53) and set a hold rating on the stock in a report on Thursday, September 15th. Sanford C. Bernstein downgraded Kion Group from a market perform rating to an underperform rating in a research note on Monday, July 11th. Exane BNP Paribas cut Kion Group from an outperform rating to a neutral rating and set a €35.00 ($35.71) target price for the company. in a research report on Wednesday, September 14th. Morgan Stanley dropped their price target on shares of Kion Group from €63.00 ($64.29) to €58.00 ($59.18) in a research report on Wednesday, August 10th. Finally, UBS Group reduced their price objective on shares of Kion Group from €83.00 ($84.69) to €75.00 ($76.53) and set a buy rating for the company in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kion Group has an average rating of Hold and an average target price of $51.29.

Kion Group Trading Down 4.3 %

OTCMKTS:KIGRY opened at $5.15 on Tuesday. The company has a market capitalization of $2.70 billion, a P/E ratio of 4.09 and a beta of 1.53. The stock’s 50 day moving average price is $9.97 and its 200 day moving average price is $12.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.60 and a current ratio of 0.92. Kion Group has a 52 week low of $5.11 and a 52 week high of $29.30.

About Kion Group

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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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