Krones (ETR:KRN) Given a €62.00 Price Target at Baader Bank

Krones (ETR:KRN) has been given a €62.00 ($72.09) target price by research analysts at Baader Bank in a research note issued on Monday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Baader Bank’s price objective indicates a potential upside of 11.41% from the stock’s previous close.

KRN has been the topic of several other research reports. Hauck & Aufhaeuser set a €55.00 ($63.95) target price on Krones and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Kepler Capital Markets set a €50.00 ($58.14) target price on Krones and gave the company a “sell” rating in a research report on Thursday, September 26th. Independent Research set a €54.00 ($62.79) target price on Krones and gave the company a “neutral” rating in a research report on Monday, August 12th. Deutsche Bank set a €45.00 ($52.33) target price on Krones and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Krones in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €68.00 ($79.07).

Shares of ETR:KRN opened at €55.65 ($64.71) on Monday. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of 16.41. The company has a quick ratio of 1.11, a current ratio of 1.44 and a debt-to-equity ratio of 17.79. Krones has a 12-month low of €47.46 ($55.19) and a 12-month high of €88.85 ($103.31). The business’s 50 day moving average is €54.42 and its 200 day moving average is €64.06.

About Krones

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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Analyst Recommendations for Krones (ETR:KRN)

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