HSBC Holdings plc Reiterates €72.00 Price Target for Kion Group AG (FRA:KGX)

HSBC Holdings plc set a €72.00 ($83.72) price objective on Kion Group AG (FRA:KGX) in a research note issued to investors on Friday, June 30th. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Nord/LB set a €65.00 ($75.58) price target on Kion Group AG and gave the stock a neutral rating in a research note on Wednesday, June 28th. UBS AG set a €72.00 ($83.72) price target on Kion Group AG and gave the stock a neutral rating in a research note on Wednesday, June 21st. Citigroup Inc. reaffirmed a buy rating on shares of Kion Group AG in a research note on Wednesday, June 14th. Morgan Stanley set a €64.00 ($74.42) price target on Kion Group AG and gave the stock a neutral rating in a research note on Monday, May 29th. Finally, BNP Paribas set a €76.00 ($88.37) price target on Kion Group AG and gave the stock a buy rating in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of €70.00 ($81.40).

Shares of Kion Group AG (FRA KGX) traded down 1.626% during mid-day trading on Friday, hitting €72.613. The stock had a trading volume of 50 shares. The firm has a market cap of €8.22 billion and a price-to-earnings ratio of 26.491. The company has a 50-day moving average of €69.02 and a 200 day moving average of €62.01. Kion Group AG has a one year low of €47.60 and a one year high of €74.18.

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