Commerzbank AG Has Decided To Upgrade KION (ETR:KGX) Shares

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KION (ETR:KGX) Stock Upgrade

Commerzbank AG increased shares of KION (ETR:KGX) stock to a solid “Buy” rating. This recent change was disseminated in analysts note today. The broker presently has a EUR 52.00 PT on KGX.

From a total of 9 analysts covering KION (ETR:KGX) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is €52 while the lowest target price is €38. The mean of all analyst targets is €46.83 with a 0.45% above today’s (€46.62) stock price. KION was the topic of 14 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 4 to “Buy” rating. Deutsche Bank maintained shares with “Hold” rating and €46 target share price in a report from a November 7. Bankhaus Lampe upgraded KGX stock in a recent report from November 21 to “Buy” rating. Societe Generale upgraded the rating on September 17. Societe Generale has a “Buy” rating and a €49 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on a November 11.

The stock increased 1.79% or EUR 0.82 on December 4, striking EUR 46.62. Approximately 268,249 shares of stock traded hands or 43.57% up from the average. Kion Group AG (ETR:KGX) has risen 13.73% since May 8, 2015 and is uptrending. It has outperformed by 16.52% the S&P500.

 Commerzbank AG Has Decided To Upgrade KION (ETR:KGX) Shares

Kion Group AG is a Germany-based supplier of industrial trucks and related services and holding firm of the KION Group. The company has a market cap of 4.61 billion EUR. The Firm offers a range of products, including warehouse and counter-balance trucks with both internal combustion engines and electric motors (E-trucks). It has 22.77 P/E ratio. It operates through two global brands: Linde and STILL, as well as through four regional brands: Fenwick (France); OM-STILL (Italy); Baoli (mainly China), and Voltas (India).

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