Krones (KRN) PT Set at €100.00 by Nord/LB
Krones (ETR:KRN) received a €100.00 ($123.46) target price from analysts at Nord/LB in a note issued to investors on Wednesday, January 3rd. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s target price indicates a potential downside of 13.72% from the company’s current price.
A number of other analysts have also recently commented on the company. Deutsche Bank set a €117.00 ($144.44) price target on Krones and gave the stock a “neutral” rating in a research report on Thursday, October 26th. UBS Group set a €99.00 ($122.22) price target on Krones and gave the stock a “sell” rating in a research report on Tuesday, October 10th. Commerzbank set a €120.00 ($148.15) price target on Krones and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Baader Bank set a €130.00 ($160.49) price target on Krones and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Berenberg Bank set a €105.00 ($129.63) price objective on Krones and gave the stock a “neutral” rating in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €112.41 ($138.77).
Shares of Krones (ETR KRN) traded up €0.40 ($0.49) on Wednesday, reaching €115.90 ($143.09). The company’s stock had a trading volume of 18,651 shares, compared to its average volume of 32,121. The stock has a market capitalization of $3,660.00 and a PE ratio of 21.31. Krones has a fifty-two week low of €91.00 ($112.35) and a fifty-two week high of €121.25 ($149.69).
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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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