Krones AG (KRN) Given a €117.00 Price Target at HSBC Holdings plc
Krones AG (ETR:KRN) received a €117.00 ($137.65) price objective from equities researchers at HSBC Holdings plc in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock.
Several other research analysts also recently weighed in on KRN. 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 Saturday, May 20th. Berenberg Bank set a €105.00 ($123.53) target price on Krones AG and gave the company a “neutral” rating in a research report on Wednesday, June 21st. Nord/LB set a €98.00 ($115.29) target price on Krones AG and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Commerzbank Ag set a €115.00 ($135.29) target price on Krones AG and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, Baader Bank set a €110.00 ($129.41) target price on Krones AG and gave the company a “buy” rating in a research report on Thursday, July 13th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €109.35 ($128.65).
Shares of Krones AG (KRN) opened at 105.25 on Wednesday. The company’s 50 day moving average is €105.68 and its 200 day moving average is €103.88. Krones AG has a one year low of €80.90 and a one year high of €113.90. The company has a market cap of €3.33 billion and a P/E ratio of 18.54.
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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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