Krones (KRN) Given a €99.00 Price Target by UBS Analysts
Krones (ETR:KRN) received a €99.00 ($117.86) target price from stock analysts at UBS in a report released on Tuesday. The firm currently has a “sell” rating on the stock. UBS’s price objective suggests a potential downside of 6.52% from the company’s previous close.
KRN has been the topic of several other reports. Deutsche Bank set a €117.00 ($139.29) price target on shares of Krones and gave the company a “neutral” rating in a report on Thursday, October 26th. Commerzbank set a €120.00 ($142.86) price target on shares of Krones and gave the company a “neutral” rating in a report on Wednesday, October 25th. Baader Bank set a €130.00 ($154.76) price target on shares of Krones and gave the company a “buy” rating in a report on Wednesday, October 25th. Berenberg Bank set a €105.00 ($125.00) price objective on shares of Krones and gave the stock a “neutral” rating in a report on Friday, September 15th. Finally, BNP Paribas set a €108.00 ($128.57) price objective on shares of Krones and gave the stock a “neutral” rating in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €110.25 ($131.25).
Shares of Krones (ETR KRN) opened at €105.90 ($126.07) on Tuesday. Krones has a 52-week low of €84.81 ($100.96) and a 52-week high of €121.25 ($144.35).
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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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