Kraken Robotics (CVE:PNG) Rating Increased to Outperform at National Bank Financial

National Bank Financial upgraded shares of Kraken Robotics (CVE:PNG) from a sector perform rating to an outperform rating in a research note published on Friday,BayStreet.CA reports. The firm currently has C$13.00 price target on the stock, up from their previous price target of C$8.75.

Several other equities research analysts have also commented on PNG. Desjardins upped their price target on shares of Kraken Robotics from C$9.50 to C$14.00 and gave the company a “buy” rating in a research report on Friday. Raymond James Financial raised their price objective on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Finally, Cormark lowered shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$8.75.

Kraken Robotics Stock Down 1.5%

PNG stock opened at C$9.48 on Friday. The company has a market cap of C$2.91 billion, a price-to-earnings ratio of 135.43 and a beta of 0.72. The company has a debt-to-equity ratio of 16.12, a quick ratio of 0.64 and a current ratio of 7.30. The business’s 50-day moving average is C$8.28 and its two-hundred day moving average is C$6.40. Kraken Robotics has a fifty-two week low of C$2.06 and a fifty-two week high of C$10.72.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.