UBS Group Reiterates “€115.00” Price Target for Krones (KRN)
Krones (ETR:KRN) has been assigned a €115.00 ($136.90) target price by UBS Group in a research note issued to investors on Wednesday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential downside of 0.61% from the stock’s current price.
Other analysts also recently issued research reports about the company. Baader Bank set a €110.00 ($130.95) target price on Krones and gave the stock a “buy” rating in a research report on Monday, September 25th. DZ Bank restated a “buy” rating on shares of Krones in a report on Tuesday, September 26th. Commerzbank set a €120.00 ($142.86) target price on Krones and gave the company a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank set a €117.00 ($139.29) target price on Krones and gave the company a “neutral” rating in a report on Friday, October 20th. Finally, set a €118.00 ($140.48) target price on Krones and gave the company a “neutral” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €112.41 ($133.82).
Krones (ETR KRN) traded up €1.70 ($2.02) during trading hours on Wednesday, reaching €115.70 ($137.74). The company had a trading volume of 21,284 shares, compared to its average volume of 36,122. The company has a market cap of $3,650.00 and a P/E ratio of 21.27. Krones has a one year low of €91.00 ($108.33) and a one year high of €121.25 ($144.35).
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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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