Krones AG (KRN) Given Consensus Recommendation of “Hold” by Brokerages
Krones AG (ETR:KRN) has received an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is €109.68 ($130.58).
A number of equities analysts have recently weighed in on the stock. Baader Bank set a €110.00 ($130.95) price target on shares of Krones AG and gave the stock a “buy” rating in a research note on Monday. Berenberg Bank set a €105.00 ($125.00) price target on shares of Krones AG and gave the stock a “neutral” rating in a research note on Thursday, September 21st. Commerzbank Ag set a €120.00 ($142.86) price target on shares of Krones AG and gave the stock a “neutral” rating in a research note on Monday. BNP Paribas set a €108.00 ($128.57) price target on shares of Krones AG and gave the stock a “neutral” rating in a research note on Friday, September 15th. Finally, Deutsche Bank AG set a €106.00 ($126.19) price target on shares of Krones AG and gave the stock a “neutral” rating in a research note on Wednesday, July 12th.
Shares of Krones AG (ETR:KRN) opened at 115.01 on Tuesday. Krones AG has a 12 month low of €80.90 and a 12 month high of €116.00. The stock has a market cap of €3.64 billion and a P/E ratio of 20.26. The stock has a 50 day moving average price of €106.39 and a 200-day moving average price of €106.62.
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Krones AG Company Profile
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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