Krones (ETR:KRN) has been given a €85.00 ($98.84) price target by investment analysts at Deutsche Bank in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 17.16% from the stock’s previous close.
KRN has been the topic of several other research reports. Hauck & Aufhaeuser set a €100.00 ($116.28) price target on Krones and gave the stock a “neutral” rating in a report on Thursday, September 20th. Baader Bank set a €130.00 ($151.16) price objective on Krones and gave the stock a “buy” rating in a report on Wednesday, October 24th. UBS Group set a €115.00 ($133.72) price target on Krones and gave the stock a “neutral” rating in a research report on Thursday, October 25th. Kepler Capital Markets set a €114.00 ($132.56) price objective on Krones and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, DZ Bank restated a “buy” rating on shares of Krones in a research note on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of €95.21 ($110.71).
ETR KRN traded down €0.85 ($0.99) during trading hours on Friday, hitting €72.55 ($84.36). 30,263 shares of the company were exchanged, compared to its average volume of 33,680. Krones has a 52-week low of €98.70 ($114.77) and a 52-week 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.
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