Independent Research GmbH set a €112.00 ($131.76) price target on Krones AG (ETR:KRN) in a research note issued to investors on Thursday morning. The firm currently has a neutral rating on the stock.
KRN has been the subject of several other research reports. UBS AG set a €105.50 ($124.12) target price on shares of Krones AG and gave the company a neutral rating in a research note on Thursday, July 20th. Nord/LB set a €98.00 ($115.29) target price on shares of Krones AG and gave the company a neutral rating in a research note on Wednesday, June 28th. Commerzbank Ag set a €120.00 ($141.18) target price on shares of Krones AG and gave the company a neutral rating in a research note on Monday, September 25th. HSBC Holdings plc set a €117.00 ($137.65) target price on shares of Krones AG and gave the company a buy rating in a research note on Friday, June 30th. Finally, Berenberg Bank set a €105.00 ($123.53) target price on shares of Krones AG and gave the company a neutral rating in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of €110.25 ($129.71).
Shares of Krones AG (KRN) opened at 109.10 on Thursday. Krones AG has a 12 month low of €82.98 and a 12 month high of €122.43. The firm’s 50 day moving average is €114.00 and its 200 day moving average is €108.86. The stock has a market capitalization of €3.45 billion and a price-to-earnings ratio of 19.22.
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About Krones AG
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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