Baader Bank Reiterates “€82.00” Price Target for Krones (ETR:KRN)

Baader Bank set a €82.00 ($95.35) price objective on Krones (ETR:KRN) in a research report report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on KRN. Warburg Research set a €72.90 ($84.77) target price on shares of Krones and gave the company a buy rating in a research note on Friday, December 13th. Deutsche Bank set a €68.00 ($79.07) price target on Krones and gave the company a neutral rating in a report on Monday, January 20th. Kepler Capital Markets set a €50.00 ($58.14) price target on Krones and gave the company a sell rating in a report on Wednesday, October 30th. Independent Research set a €70.00 ($81.40) price target on Krones and gave the company a neutral rating in a report on Monday, January 6th. Finally, Hauck & Aufhaeuser set a €87.00 ($101.16) price target on Krones and gave the company a buy rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of €70.09 ($81.50).

ETR:KRN opened at €71.20 ($82.79) on Tuesday. Krones has a 1-year low of €47.46 ($55.19) and a 1-year high of €88.85 ($103.31). The company has a current ratio of 1.40, a quick ratio of 1.08 and a debt-to-equity ratio of 23.09. The firm has a fifty day simple moving average of €69.41 and a 200 day simple moving average of €60.10. The stock has a market capitalization of $2.25 billion and a PE ratio of 24.53.

About Krones

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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Analyst Recommendations for Krones (ETR:KRN)

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