Brokerages Set Krones AG (ETR:KRN) Price Target at €87.69
Shares of Krones AG (ETR:KRN) have been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is €84.54 ($98.30).
A number of research firms have recently weighed in on KRN. Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on shares of Krones and gave the stock a “neutral” rating in a research note on Monday, April 29th. Independent Research set a €14.50 ($16.86) price objective on shares of Suedzucker and gave the stock a “sell” rating in a research note on Friday. Warburg Research set a €65.00 ($75.58) price objective on shares of Fresenius SE & Co KGaA and gave the stock a “buy” rating in a research note on Thursday. Kepler Capital Markets restated a “buy” rating and set a $134.00 price target on shares of Airbus in a research report on Tuesday, April 30th. Finally, Deutsche Bank set a $81.00 price target on shares of Franco Nevada and gave the company a “hold” rating in a research report on Thursday.
ETR:KRN traded down €0.10 ($0.12) during midday trading on Monday, reaching €53.70 ($62.44). 168,656 shares of the stock traded hands, compared to its average volume of 33,680. Krones has a 12-month low of €63.80 ($74.19) and a 12-month high of €119.60 ($139.07). The firm has a 50-day moving average price of €69.62. The company has a debt-to-equity ratio of 19.58, a current ratio of 1.51 and a quick ratio of 1.18. The company has a market cap of $1.70 billion and a PE ratio of 11.42.
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: Cost of Goods Sold (COGS)
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.