Krones AG (ETR:KRN) received a €120.00 ($142.86) target price from investment analysts at Commerzbank Ag in a research report issued to clients and investors on Thursday. The firm presently has a “neutral” rating on the stock.

KRN has been the topic of several other reports. Deutsche Bank AG set a €106.00 ($126.19) price objective on Krones AG and gave the company a “neutral” rating in a research report on Monday, May 29th. Nord/LB set a €98.00 ($116.67) price objective on Krones AG and gave the company a “neutral” rating in a research report on Wednesday, June 28th. UBS AG set a €105.50 ($125.60) price objective on Krones AG and gave the company a “neutral” rating in a research report on Thursday, July 20th. HSBC Holdings plc set a €117.00 ($139.29) price objective on Krones AG and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Baader Bank set a €110.00 ($130.95) price objective on Krones AG and gave the company a “buy” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of €109.68 ($130.58).

Krones AG (KRN) traded up 1.64% during mid-day trading on Thursday, hitting €114.85. The stock had a trading volume of 468 shares. The firm’s 50-day moving average is €106.01 and its 200 day moving average is €106.31. Krones AG has a 12 month low of €80.90 and a 12 month high of €115.00. The company has a market cap of €3.63 billion and a price-to-earnings ratio of 20.23.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/16/krones-ag-krn-given-a-120-00-price-target-by-commerzbank-ag-analysts.html.

About Krones AG

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.

Analyst Recommendations for Krones AG (ETR:KRN)

Receive News & Ratings for Krones AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krones AG and related companies with MarketBeat.com's FREE daily email newsletter.