Shares of Krones AG (ETR:KRN) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is €61.35 ($71.34).
Several analysts have issued reports on the stock. Kepler Capital Markets set a €50.00 ($58.14) price target on shares of Krones and gave the company a “sell” rating in a research report on Wednesday, October 30th. Independent Research set a €62.00 ($72.09) price target on shares of Krones and gave the company a “neutral” rating in a research report on Friday, November 1st. UBS Group set a €53.00 ($61.63) price target on shares of Krones and gave the company a “neutral” rating in a research report on Tuesday. Warburg Research set a €67.50 ($78.49) price target on shares of Krones and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Baader Bank set a €62.00 ($72.09) price target on shares of Krones and gave the company a “buy” rating in a research report on Wednesday, October 30th.
ETR KRN traded down €0.20 ($0.23) during trading on Thursday, hitting €61.95 ($72.03). 44,418 shares of the company’s stock traded hands, compared to its average volume of 33,680. The stock has a fifty day moving average of €61.18 and a two-hundred day moving average of €59.21. The company has a debt-to-equity ratio of 23.09, a current ratio of 1.40 and a quick ratio of 1.08. Krones has a 12-month low of €47.46 ($55.19) and a 12-month high of €88.85 ($103.31). The firm has a market cap of $1.96 billion and a P/E ratio of 21.35.
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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