Krones (ETR:KRN) has been given a €115.00 ($136.90) price objective by equities researchers at UBS Group in a report issued on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 0.52% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. DZ Bank reissued a “buy” rating on shares of Krones in a research note on Tuesday, September 26th. Baader Bank set a €110.00 ($130.95) price target on Krones and gave the stock a “buy” rating in a research note on Monday, September 25th. Deutsche Bank set a €117.00 ($139.29) price target on Krones and gave the stock a “neutral” rating in a research note on Thursday, October 26th. set a €118.00 ($140.48) price target on Krones and gave the stock a “neutral” rating in a research note on Friday, September 29th. Finally, Commerzbank set a €120.00 ($142.86) target price on Krones and gave the company a “neutral” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Krones has a consensus rating of “Hold” and an average price target of €111.64 ($132.90).
Krones (KRN) opened at €114.40 ($136.19) on Wednesday. The firm has a market capitalization of $3,610.00 and a PE ratio of 21.03. Krones has a 12 month low of €90.20 ($107.38) and a 12 month high of €121.25 ($144.35).
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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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