Krones (KRN) Given a €85.00 Price Target by Deutsche Bank Analysts
Krones (ETR:KRN) has been given a €85.00 ($98.84) target price by equities researchers at Deutsche Bank in a report released on Friday. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 17.16% from the company’s current price.
A number of other equities analysts have also recently issued reports on KRN. Hauck & Aufhaeuser set a €100.00 ($116.28) price target on shares of Krones and gave the stock a “neutral” rating in a research note on Thursday, September 20th. Baader Bank set a €130.00 ($151.16) price target on shares of Krones and gave the company a “buy” rating in a research report on Wednesday, October 24th. UBS Group set a €115.00 ($133.72) price target on shares of Krones and gave the company a “neutral” rating in a research report on Thursday, October 25th. Kepler Capital Markets set a €114.00 ($132.56) price target on shares of Krones and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Krones in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of €95.21 ($110.71).
Shares of ETR KRN traded down €0.85 ($0.99) during mid-day trading on Friday, hitting €72.55 ($84.36). The stock had a trading volume of 30,263 shares, compared to its average volume of 33,680. Krones has a 1 year low of €98.70 ($114.77) and a 1 year high of €121.25 ($140.99).
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.
Read More: Hedge Funds Explained
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.