Krones (ETR:KRN) has been assigned a €120.00 ($148.15) price objective by Commerzbank in a report issued on Thursday, March 15th. The brokerage currently has a “neutral” rating on the stock. Commerzbank’s target price would suggest a potential upside of 8.79% from the company’s current price.
A number of other brokerages have also commented on KRN. UBS set a €115.00 ($141.98) price target on Krones and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Baader Bank set a €130.00 ($160.49) price target on Krones and gave the stock a “buy” rating in a research note on Monday, November 27th. Deutsche Bank set a €117.00 ($144.44) price target on Krones and gave the stock a “neutral” rating in a research note on Friday, February 16th. equinet set a €121.00 ($149.38) price target on Krones and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Berenberg Bank set a €95.00 ($117.28) price target on Krones and gave the stock a “sell” rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of €111.93 ($138.19).
KRN stock opened at €110.30 ($136.17) on Thursday. Krones has a 52-week low of €98.70 ($121.85) and a 52-week high of €121.25 ($149.69). The company has a market cap of $3,370.00 and a P/E ratio of 20.28.
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Krones Company Profile
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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