Krones (ETR:KRN) Given a €64.00 Price Target at Baader Bank

Baader Bank set a €64.00 ($71.91) target price on Krones (ETR:KRN) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

KRN has been the subject of several other reports. HSBC set a €62.00 ($69.66) price objective on Krones and gave the company a neutral rating in a report on Thursday, April 30th. Warburg Research set a €55.70 ($62.58) price objective on Krones and gave the company a neutral rating in a report on Thursday, April 30th. Kepler Capital Markets set a €40.00 ($44.94) price objective on Krones and gave the company a sell rating in a report on Thursday, April 30th. Independent Research set a €58.00 ($65.17) price objective on Krones and gave the company a neutral rating in a report on Monday, May 4th. Finally, DZ Bank restated a neutral rating on shares of Krones in a report on Friday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Krones currently has an average rating of Hold and a consensus target price of €56.09 ($63.02).

Shares of KRN opened at €51.50 ($57.87) on Thursday. The firm has a market capitalization of $1.63 billion and a P/E ratio of 129.82. Krones has a 12-month low of €41.92 ($47.10) and a 12-month high of €75.50 ($84.83). The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 24.28. The firm has a fifty day moving average price of €57.15 and a 200-day moving average price of €58.34.

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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