Krones (ETR:KRN) has been assigned a €80.00 ($93.02) price objective by equities researchers at Independent Research in a note issued to investors on Thursday, March 28th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price indicates a potential downside of 9.09% from the company’s previous close.
A number of other research analysts have also weighed in on KRN. Baader Bank set a €110.00 ($127.91) price objective on shares of Krones and gave the company a “buy” rating in a research note on Thursday, November 29th. Warburg Research set a €110.00 ($127.91) price target on shares of Krones and gave the company a “buy” rating in a research report on Monday, December 3rd. HSBC set a €95.00 ($110.47) price target on shares of Krones and gave the company a “buy” rating in a research report on Wednesday, December 5th. Deutsche Bank set a €85.00 ($98.84) price target on shares of Krones and gave the company a “neutral” rating in a research report on Friday, December 7th. Finally, Kepler Capital Markets set a €84.00 ($97.67) price target on shares of Krones and gave the company a “buy” rating in a research report on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of €88.62 ($103.04).
Shares of KRN traded up €0.40 ($0.47) during trading hours on Thursday, hitting €88.00 ($102.33). 64,664 shares of the stock were exchanged, compared to its average volume of 33,680. The stock has a market cap of $2.78 billion and a PE ratio of 18.40. Krones has a fifty-two week low of €63.80 ($74.19) and a fifty-two week high of €122.80 ($142.79). The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 0.28.
Krones AG, together with its subsidiaries, engages in planning, developing, and manufacturing machinery and systems for the fields of process technology, filling and packaging technology, and intralogistics in Germany and internationally. The company operates through three segments: Machines and Lines for Product Filling and Decoration, Machines and Lines for Beverage Production/Process Technology, and Machines and Lines for the Compact Class.
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