Kraken Robotics (CVE:PNG) Stock Rating Upgraded by National Bank Financial

Kraken Robotics (CVE:PNG) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a C$13.00 price objective on the stock, up from their prior price objective of C$8.75. National Bank Financial’s price target would indicate a potential upside of 38.00% from the stock’s previous close.

PNG has been the subject of several other research reports. Desjardins lifted their target price on shares of Kraken Robotics from C$9.50 to C$14.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial lifted 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. Finally, Cormark downgraded Kraken Robotics from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$8.75.

Kraken Robotics Trading Down 2.1%

Shares of Kraken Robotics stock traded down C$0.20 on Friday, reaching C$9.42. The company had a trading volume of 1,628,793 shares, compared to its average volume of 2,037,315. The firm’s 50 day moving average price is C$8.23 and its two-hundred day moving average price is C$6.36. The company has a debt-to-equity ratio of 16.12, a quick ratio of 0.64 and a current ratio of 7.30. Kraken Robotics has a 52-week low of C$2.06 and a 52-week high of C$10.72. The firm has a market cap of C$2.89 billion, a PE ratio of 134.57 and a beta of 0.72.

About Kraken Robotics

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.