Krones AG (ETR:KRN) was down 1.2% on Monday . The stock traded as low as €62.15 ($72.27) and last traded at €62.25 ($72.38), approximately 56,969 shares were traded during trading. An increase of 69% from the average daily volume of 33,680 shares. The stock had previously closed at €63.00 ($73.26).
Several equities research analysts have recently weighed in on KRN shares. Kepler Capital Markets set a €50.00 ($58.14) target price on Krones and gave the stock a “sell” rating in a research report on Wednesday, October 30th. HSBC set a €72.00 ($83.72) target price on Krones and gave the stock a “buy” rating in a research report on Friday, September 27th. DZ Bank reaffirmed a “neutral” rating on shares of Krones in a research report on Friday, November 1st. Independent Research set a €62.00 ($72.09) price target on Krones and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Hauck & Aufhaeuser set a €82.00 ($95.35) price target on Krones and gave the stock a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Krones has a consensus rating of “Hold” and an average price target of €61.35 ($71.34).
The company has a market cap of $2.00 billion and a price-to-earnings ratio of 21.45. The firm has a 50-day simple moving average of €59.45 and a 200 day simple moving average of €59.85. The company has a quick ratio of 1.08, a current ratio of 1.40 and a debt-to-equity ratio of 23.09.
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.
See Also: Buy Rating
Receive News & Ratings for Krones Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krones and related companies with MarketBeat.com's FREE daily email newsletter.