Krones (ETR:KRN) has been assigned a €94.00 ($109.30) price objective by equities research analysts at HSBC in a research report issued on Monday, April 1st, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. HSBC’s target price points to a potential upside of 7.86% from the stock’s current price.
KRN has been the subject of several other research reports. Independent Research set a €80.00 ($93.02) price target on shares of Krones and gave the company a “neutral” rating in a research report on Thursday, March 28th. Baader Bank set a €85.00 ($98.84) price objective on Krones and gave the company a “buy” rating in a research report on Wednesday, February 27th. DZ Bank reissued a “buy” rating on shares of Krones in a research report on Friday, February 22nd. Deutsche Bank set a €75.00 ($87.21) price objective on Krones and gave the company a “neutral” rating in a research report on Friday, February 22nd. Finally, Warburg Research set a €110.00 ($127.91) price objective on Krones and gave the company a “buy” rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Krones currently has a consensus rating of “Hold” and a consensus target price of €88.62 ($103.04).
KRN traded down €0.15 ($0.17) during trading on Monday, hitting €87.15 ($101.34). 37,982 shares of the company’s stock were exchanged, compared to its average volume of 33,680. 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 current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.76 billion and a price-to-earnings ratio of 18.22.
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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