UBS AG Analysts Give Krones AG (KRN) a €99.00 Price Target
UBS AG set a €99.00 ($116.47) price objective on Krones AG (ETR:KRN) in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a sell rating on the stock.
Several other analysts have also commented on the stock. Baader Bank set a €110.00 ($129.41) price objective on shares of Krones AG and gave the stock a buy rating in a report on Monday, September 25th. DZ Bank AG restated a buy rating on shares of Krones AG in a report on Tuesday, September 26th. HSBC Holdings plc set a €118.00 ($138.82) price objective on shares of Krones AG and gave the stock a neutral rating in a report on Friday, September 29th. Commerzbank Ag set a €115.00 ($135.29) price objective on shares of Krones AG and gave the stock a buy rating in a report on Thursday, July 13th. Finally, Berenberg Bank set a €105.00 ($123.53) price objective on shares of Krones AG and gave the stock a neutral rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Krones AG currently has a consensus rating of Hold and a consensus price target of €110.89 ($130.46).
Shares of Krones AG (KRN) opened at 113.90 on Tuesday. Krones AG has a 12 month low of €80.90 and a 12 month high of €122.43. The company has a market capitalization of €3.60 billion and a price-to-earnings ratio of 20.07. The company has a 50-day moving average price of €111.46 and a 200-day moving average price of €108.26.
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About Krones AG
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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