Krones AG (ETR:KRN) has been assigned a €117.00 ($136.05) target price by investment analysts at Deutsche Bank AG in a report released on Thursday, October 26th. The brokerage presently has a “neutral” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 12.50% from the company’s previous close.
A number of other analysts have also weighed in on the stock. HSBC Holdings plc set a €118.00 ($137.21) price objective on shares of Krones AG and gave the company a “neutral” rating in a research note on Friday, September 29th. UBS AG set a €99.00 ($115.12) target price on shares of Krones AG and gave the company a “sell” rating in a research note on Tuesday, October 17th. Baader Bank set a €110.00 ($127.91) target price on shares of Krones AG and gave the company a “buy” rating in a research note on Friday, July 21st. DZ Bank AG reaffirmed a “buy” rating on shares of Krones AG in a report on Friday, July 21st. Finally, Commerzbank Ag set a €120.00 ($139.53) price target on shares of Krones AG and gave the stock a “neutral” rating in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of €110.25 ($128.20).
Krones AG (KRN) traded down €0.95 ($1.10) on Thursday, hitting €104.00 ($120.93). 43,190 shares of the company’s stock traded hands, compared to its average volume of 71,307. Krones AG has a twelve month low of €82.97 ($96.48) and a twelve month high of €121.25 ($140.99).
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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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