Kraken Robotics Inc. (CVE:PNG) Receives Consensus Rating of “Moderate Buy” from Analysts

Kraken Robotics Inc. (CVE:PNG) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$7.13.

PNG has been the subject of several recent analyst reports. Raymond James Financial boosted their target price on Kraken Robotics from C$4.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. National Bank Financial cut shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$7.50 to C$8.75 in a report on Wednesday, January 14th. Cormark cut shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. Desjardins increased their target price on shares of Kraken Robotics from C$6.50 to C$9.50 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Natl Bk Canada lowered shares of Kraken Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th.

Kraken Robotics Stock Up 2.4%

Shares of CVE PNG opened at C$7.39 on Tuesday. The business has a 50-day moving average of C$7.27 and a two-hundred day moving average of C$5.74. The company has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 105.57 and a beta of 1.11. Kraken Robotics has a 1 year low of C$2.06 and a 1 year high of C$9.23. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.