Kraken Robotics Inc. (CVE:PNG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Kraken Robotics Inc. (CVE:PNG) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$7.13.

Several analysts have issued reports on the company. Raymond James Financial upped their price objective on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Desjardins boosted their price target on Kraken Robotics from C$6.50 to C$9.50 and gave the company a “buy” rating in a report on Wednesday, January 14th. Cormark cut Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. National Bankshares downgraded shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$7.50 to C$8.75 in a report on Wednesday, January 14th. Finally, Natl Bk Canada cut shares of Kraken Robotics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th.

Kraken Robotics Trading Down 0.2%

CVE PNG opened at C$8.08 on Tuesday. The company has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 115.43 and a beta of 1.11. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64. Kraken Robotics has a 12 month low of C$2.06 and a 12 month high of C$9.23. The company’s fifty day moving average price is C$7.11 and its two-hundred day moving average price is C$5.59.

Kraken Robotics Company Profile

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.