Krones (KRN) Given a €99.00 Price Target by UBS Analysts
Krones (ETR:KRN) received a €99.00 ($117.86) price target from UBS in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a “sell” rating on the stock. UBS’s target price would suggest a potential downside of 6.52% from the company’s previous close.
KRN has been the subject of a number of other research reports. DZ Bank reaffirmed a “buy” rating on shares of Krones in a research report on Tuesday, September 26th. Deutsche Bank set a €110.00 ($130.95) target price on shares of Krones and gave the stock a “neutral” rating in a research report on Wednesday, September 13th. S&P Global set a €100.00 ($119.05) target price on shares of Krones and gave the stock a “sell” rating in a research report on Thursday, October 26th. Warburg Research set a €110.30 ($131.31) target price on shares of Krones and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Finally, Berenberg Bank set a €105.00 ($125.00) price objective on shares of Krones and gave the company a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €110.25 ($131.25).
Shares of Krones (ETR KRN) opened at €105.90 ($126.07) on Tuesday. Krones has a 1 year low of €84.81 ($100.96) and a 1 year high of €121.25 ($144.35).
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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