A number of other research firms also recently commented on KRN. Kepler Capital Markets set a €101.00 ($118.82) price target on Krones AG and gave the company a neutral rating in a research note on Friday, July 21st. UBS AG set a €105.50 ($124.12) target price on Krones AG and gave the stock a neutral rating in a research note on Thursday, July 20th. Baader Bank set a €110.00 ($129.41) target price on Krones AG and gave the stock a buy rating in a research note on Thursday, July 13th. Deutsche Bank AG set a €106.00 ($124.71) price objective on Krones AG and gave the company a neutral rating in a research note on Wednesday, July 12th. Finally, HSBC Holdings plc set a €117.00 ($137.65) price objective on Krones AG and gave the company a buy rating in a research note on Friday, June 30th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €109.35 ($128.65).
Shares of Krones AG (KRN) traded down 1.79% during mid-day trading on Friday, reaching €104.30. 255 shares of the company were exchanged. Krones AG has a 12 month low of €80.90 and a 12 month high of €113.90. The firm has a market capitalization of €3.30 billion and a PE ratio of 18.38. The company’s 50 day moving average price is €105.51 and its 200 day moving average price is €104.87.
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About Krones AG
Krones AG is a Germany-based designer, developer and manufacturer of processing, packaging and bottling machines and systems. The Company focuses on stretch blow-molding technology, filling and closing technology, aseptic filling, labeling, direct-printing and dressing technology, inspection and monitoring technology, cleaning technology, rinsers and pasteurizers, packing and palletizing technology, conveyor technology, systems engineering, process technology, brewing technology, information technology, polyethylene terephthalate (PET) recycling plants and factory planning.
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