Kraken Robotics (CVE:PNG) Stock Price Target Lowered at National Bank Financial

Kraken Robotics (CVE:PNG) had its target price decreased by equities researchers at National Bank Financial from C$10.00 to C$8.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 82.65% from the company’s previous close.

PNG has been the subject of several other reports. Royal Bank Of Canada set a C$6.00 price target on shares of Kraken Robotics and gave the stock a “moderate buy” rating in a research note on Tuesday, September 15th. Desjardins reduced their price objective on Kraken Robotics from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Raymond James Financial decreased their price objective on Kraken Robotics from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a report on Friday, August 28th. Finally, Scotia boosted their target price on Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a research note on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kraken Robotics has an average rating of “Moderate Buy” and a consensus target price of C$8.67.

Kraken Robotics Trading Up 6.1%

Shares of Kraken Robotics stock traded up C$0.25 during trading on Wednesday, reaching C$4.38. The company’s stock had a trading volume of 759,630 shares, compared to its average volume of 1,523,261. Kraken Robotics has a 52-week low of C$3.77 and a 52-week high of C$10.72. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of -219.00 and a beta of 1.03. The firm’s 50-day moving average is C$4.95 and its two-hundred day moving average is C$6.39. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 16.99.

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.