Baader Bank set a €64.00 ($71.91) price target on Krones (ETR:KRN) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other brokerages also recently commented on KRN. Deutsche Bank set a €45.00 ($50.56) price objective on shares of Krones and gave the company a neutral rating in a research report on Thursday, April 9th. DZ Bank reissued a neutral rating on shares of Krones in a research report on Friday, April 3rd. Hauck & Aufhaeuser set a €68.00 ($76.40) price objective on shares of Krones and gave the company a buy rating in a research report on Thursday, April 30th. UBS Group set a €64.00 ($71.91) price objective on shares of Krones and gave the company a buy rating in a research report on Monday, July 13th. Finally, Warburg Research set a €55.70 ($62.58) price objective on shares of Krones and gave the company a neutral rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of €56.09 ($63.02).
Shares of Krones stock opened at €51.50 ($57.87) on Thursday. The company has a debt-to-equity ratio of 24.28, a current ratio of 1.42 and a quick ratio of 1.07. The company has a 50-day moving average of €57.15 and a 200 day moving average of €58.34. The firm has a market cap of $1.63 billion and a price-to-earnings ratio of 129.82. Krones has a 1 year low of €41.92 ($47.10) and a 1 year high of €75.50 ($84.83).
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.
Further Reading: Cost of Equity For A Business, Investors
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