Hauck & Aufhaeuser set a €82.00 ($95.35) target price on Krones (ETR:KRN) in a research note published on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities analysts have also recently issued reports on the company. Baader Bank set a €62.00 ($72.09) price objective on Krones and gave the stock a buy rating in a research note on Wednesday, October 30th. Independent Research set a €62.00 ($72.09) price objective on Krones and gave the stock a neutral rating in a research note on Friday, November 1st. Kepler Capital Markets set a €50.00 ($58.14) price objective on Krones and gave the stock a sell rating in a research note on Wednesday, October 30th. UBS Group set a €53.00 ($61.63) price objective on Krones and gave the stock a neutral rating in a research note on Wednesday, October 30th. Finally, HSBC set a €72.00 ($83.72) price objective on Krones and gave the stock a buy rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of €61.35 ($71.34).
KRN traded down €0.50 ($0.58) during trading hours on Monday, hitting €62.95 ($73.20). 94,204 shares of the stock were exchanged, compared to its average volume of 33,680. The stock has a 50-day simple moving average of €56.10 and a 200-day simple moving average of €61.47. Krones has a 12 month low of €47.46 ($55.19) and a 12 month high of €88.85 ($103.31). The stock has a market cap of $1.99 billion and a price-to-earnings ratio of 21.69. The company has a debt-to-equity ratio of 23.09, a current ratio of 1.40 and a quick ratio of 1.08.
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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