Krones (KRN) Given a €95.00 Price Target by HSBC Analysts

Krones (ETR:KRN) has been given a €95.00 ($110.47) price target by equities researchers at HSBC in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. HSBC’s target price would suggest a potential upside of 29.43% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Warburg Research set a €116.00 ($134.88) price target on shares of Krones and gave the company a “neutral” rating in a report on Thursday, October 25th. equinet set a €118.00 ($137.21) price target on shares of Krones and gave the company a “buy” rating in a report on Wednesday, September 19th. Cfra set a €70.00 ($81.40) price target on shares of Krones and gave the company a “sell” rating in a report on Friday, October 26th. Baader Bank set a €130.00 ($151.16) target price on shares of Krones and gave the company a “buy” rating in a research note on Wednesday, September 19th. Finally, Metzler set a €92.00 ($106.98) target price on shares of Krones and gave the company a “buy” rating in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of €95.07 ($110.55).

ETR KRN opened at €73.40 ($85.35) on Wednesday. Krones has a one year low of €98.70 ($114.77) and a one year high of €121.25 ($140.99).

About Krones

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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