Berenberg Bank Reiterates €90.00 Price Target for Krones (ETR:KRN)

Krones (ETR:KRNGet Rating) has been given a €90.00 ($91.84) target price by analysts at Berenberg Bank in a research note issued on Thursday, Borsen Zeitung reports. Berenberg Bank’s target price suggests a potential upside of 4.47% from the stock’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft set a €110.00 ($112.24) target price on Krones in a research report on Wednesday. Hauck Aufhäuser Investment Banking set a €99.00 ($101.02) price objective on Krones in a report on Monday. UBS Group set a €121.00 ($123.47) price objective on Krones in a report on Tuesday. Warburg Research set a €129.00 ($131.63) price objective on Krones in a report on Friday, September 16th. Finally, Baader Bank set a €120.00 ($122.45) price objective on Krones in a report on Friday, September 16th.

Krones Stock Performance

Shares of KRN stock opened at €86.15 ($87.91) on Thursday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.40 and a quick ratio of 1.00. Krones has a fifty-two week low of €67.50 ($68.88) and a fifty-two week high of €99.60 ($101.63). The stock’s 50-day moving average is €83.97 and its two-hundred day moving average is €79.59. The firm has a market cap of $2.72 billion and a P/E ratio of 16.78.

Krones Company Profile

(Get Rating)

Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in two segments, Machines and Lines for Product Filling and Decoration, and Machines and Lines for Beverage Production/Process Technology.

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