Deutsche Bank set a €75.00 ($87.21) target price on Krones (ETR:KRN) in a research note published on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other analysts have also recently issued reports on KRN. Baader Bank set a €112.00 ($130.23) price objective on Bechtle and gave the company a buy rating in a research note on Tuesday, May 21st. Independent Research set a €79.00 ($91.86) price objective on Krones and gave the company a neutral rating in a research note on Monday, May 20th. Kepler Capital Markets restated a buy rating and set a $134.00 price objective on shares of Airbus in a research note on Tuesday, April 30th. Cfra set a €50.00 ($58.14) price objective on Krones and gave the company a sell rating in a research note on Thursday. Finally, Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on Krones and gave the company a neutral rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of €84.54 ($98.30).
Shares of ETR KRN opened at €53.80 ($62.56) on Thursday. The company’s 50 day moving average price is €69.62. Krones has a 52-week low of €63.80 ($74.19) and a 52-week high of €119.60 ($139.07). The firm has a market capitalization of $1.70 billion and a PE ratio of 11.44. The company has a debt-to-equity ratio of 19.58, a current ratio of 1.51 and a quick ratio of 1.18.
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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