Krones (KRN) Given a €100.00 Price Target at Nord/LB
Several other brokerages have also issued reports on KRN. Baader Bank set a €130.00 ($154.76) target price on Krones and gave the stock a buy rating in a research report on Monday, November 27th. Berenberg Bank set a €105.00 ($125.00) target price on Krones and gave the stock a neutral rating in a research report on Friday, December 8th. set a €118.00 ($140.48) price objective on Krones and gave the company a neutral rating in a research report on Monday, November 6th. UBS set a €99.00 ($117.86) price objective on Krones and gave the company a sell rating in a research report on Tuesday, December 12th. Finally, DZ Bank reaffirmed a buy rating on shares of Krones in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of €110.41 ($131.44).
Shares of Krones (KRN) traded up €1.10 ($1.31) during trading hours on Friday, hitting €108.00 ($128.57). The stock had a trading volume of 20,562 shares, compared to its average volume of 47,065. Krones has a 12-month low of €85.12 ($101.33) and a 12-month high of €121.25 ($144.35). The company has a market cap of $3,340.00 and a price-to-earnings ratio of 19.85.
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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