A number of other brokerages have also recently commented on KRN. Baader Bank set a €130.00 ($151.16) target price on shares of Krones and gave the company a buy rating in a research report on Wednesday, September 19th. Commerzbank set a €120.00 ($139.53) price objective on shares of Krones and gave the stock a neutral rating in a research report on Thursday, July 26th. UBS Group set a €115.00 ($133.72) price objective on shares of Krones and gave the stock a neutral rating in a research report on Friday, May 25th. Cfra set a €100.00 ($116.28) price objective on shares of Krones and gave the stock a sell rating in a research report on Friday, July 27th. Finally, Deutsche Bank restated a neutral rating on shares of Krones in a research report on Friday, July 27th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of €110.80 ($128.84).
ETR:KRN traded down €2.50 ($2.91) during trading hours on Thursday, reaching €84.50 ($98.26). 99,317 shares of the company were exchanged, compared to its average volume of 33,680. Krones has a twelve month low of €98.70 ($114.77) and a twelve month high of €121.25 ($140.99).
Krones Company Profile
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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