Brokerages Set Kraken Robotics Inc. (CVE:PNG) Price Target at C$7.13

Kraken Robotics Inc. (CVE:PNG) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$7.13.

A number of research firms have recently commented on PNG. National Bankshares lowered shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$7.50 to C$8.75 in a research report on Wednesday, January 14th. Natl Bk Canada lowered Kraken Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Cormark lowered Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Raymond James Financial raised their price target on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Finally, Desjardins lifted their price target on Kraken Robotics from C$6.50 to C$9.50 and gave the company a “buy” rating in a research report on Wednesday, January 14th.

Kraken Robotics Trading Down 0.2%

Shares of Kraken Robotics stock opened at C$8.02 on Friday. The company’s 50-day moving average price is C$6.28 and its 200-day moving average price is C$5.07. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. Kraken Robotics has a 12-month low of C$2.06 and a 12-month high of C$8.93. The company has a market cap of C$2.46 billion, a price-to-earnings ratio of 114.57 and a beta of 0.95.

Kraken Robotics Company Profile

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.