Krones AG (KRN) Given a €105.00 Price Target by Berenberg Bank Analysts
Krones AG (ETR:KRN) received a €105.00 ($125.00) price objective from equities researchers at Berenberg Bank in a research note issued on Friday. The firm presently has a “neutral” rating on the stock.
Other equities analysts have also recently issued research reports about the company. HSBC Holdings plc set a €117.00 ($139.29) target price on Krones AG and gave the stock a “buy” rating in a report on Friday, June 30th. Baader Bank set a €110.00 ($130.95) target price on Krones AG and gave the stock a “buy” rating in a report on Friday, July 21st. Commerzbank Ag set a €115.00 ($136.90) target price on Krones AG and gave the stock a “buy” rating in a report on Thursday, July 13th. DZ Bank AG reiterated a “buy” rating on shares of Krones AG in a report on Friday, July 21st. Finally, BNP Paribas set a €108.00 ($128.57) target price on Krones AG and gave the stock a “neutral” rating in a report on Friday, July 21st. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €109.68 ($130.58).
Shares of Krones AG (ETR KRN) opened at 114.85 on Friday. Krones AG has a 1-year low of €80.90 and a 1-year high of €115.00. The stock’s 50 day moving average price is €106.01 and its 200-day moving average price is €106.31. The stock has a market cap of €3.63 billion and a price-to-earnings ratio of 20.23.
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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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