Krones AG (ETR:KRN) has been assigned a €105.50 ($124.12) price objective by stock analysts at UBS AG in a report released on Thursday, July 20th, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock.
A number of other equities analysts also recently commented on the stock. Baader Bank set a €110.00 ($129.41) target price on shares of Krones AG and gave the stock a “buy” rating in a research note on Thursday, July 13th. Commerzbank Ag set a €115.00 ($135.29) price target on shares of Krones AG and gave the company a “buy” rating in a research report on Thursday, July 13th. Deutsche Bank AG set a €106.00 ($124.71) price target on shares of Krones AG and gave the company a “neutral” rating in a research report on Wednesday, July 12th. HSBC Holdings plc set a €117.00 ($137.65) price objective on shares of Krones AG and gave the company a “buy” rating in a report on Friday, June 30th. Finally, Nord/LB set a €98.00 ($115.29) price objective on shares of Krones AG and gave the company a “neutral” rating in a report on Wednesday, June 28th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Krones AG has an average rating of “Hold” and a consensus target price of €109.35 ($128.65).
Shares of Krones AG (KRN) traded down 0.33% during trading on Thursday, reaching €107.05. 200 shares of the company traded hands. The firm has a 50 day moving average of €105.65 and a 200 day moving average of €103.86. The stock has a market capitalization of €3.38 billion and a PE ratio of 18.86. Krones AG has a 52 week low of €80.90 and a 52 week high of €113.90.
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About Krones AG
Krones AG is a Germany-based designer, developer and manufacturer of processing, packaging and bottling machines and systems. The Company focuses on stretch blow-molding technology, filling and closing technology, aseptic filling, labeling, direct-printing and dressing technology, inspection and monitoring technology, cleaning technology, rinsers and pasteurizers, packing and palletizing technology, conveyor technology, systems engineering, process technology, brewing technology, information technology, polyethylene terephthalate (PET) recycling plants and factory planning.
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