Krones AG (KRN) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Krones AG (ETR:KRN) have received a consensus recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is €109.35 ($128.65).
A number of research analysts have commented on the company. Commerzbank Ag set a €115.00 ($135.29) price target 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 target on Krones AG and gave the stock a “neutral” rating in a research note on Wednesday, July 12th. Nord/LB set a €98.00 ($115.29) price target on Krones AG and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. BNP Paribas set a €108.00 ($127.06) price target on Krones AG and gave the stock a “neutral” rating in a research note on Friday, July 21st. Finally, HSBC Holdings plc set a €117.00 ($137.65) price target on Krones AG and gave the stock a “buy” rating in a research note on Friday, June 30th.
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Shares of Krones AG (KRN) opened at 108.122 on Monday. The company has a market capitalization of €3.42 billion and a price-to-earnings ratio of 19.049. The firm’s 50-day moving average price is €105.68 and its 200-day moving average price is €103.88. Krones AG has a 12 month low of €80.90 and a 12 month high of €113.90.
Krones AG Company Profile
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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