Kraken Robotics (CVE:PNG) Price Target Raised to C$14.00 at Desjardins

Kraken Robotics (CVE:PNG) had its price target lifted by Desjardins from C$9.50 to C$14.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Cormark downgraded Kraken Robotics from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial cut Kraken Robotics from an “outperform” rating to a “hold” rating and raised their target price for the company from C$7.50 to C$8.75 in a research note on Wednesday, January 14th. Finally, Raymond James Financial lifted their price target on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$8.75.

Kraken Robotics Price Performance

PNG stock opened at C$9.48 on Friday. The company has a debt-to-equity ratio of 16.12, a current ratio of 7.30 and a quick ratio of 0.64. Kraken Robotics has a 1 year low of C$2.06 and a 1 year high of C$10.72. The firm has a 50-day moving average of C$8.28 and a 200 day moving average of C$6.40. The company has a market cap of C$2.91 billion, a P/E ratio of 135.43 and a beta of 0.72.

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.