Kraken Robotics (CVE:PNG) Stock Price Target Lowered at National Bank Financial

Kraken Robotics (CVE:PNG) had its price objective dropped by National Bank Financial from C$10.00 to C$8.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 82.65% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Scotia upped their target price on Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a report on Friday, July 3rd. Royal Bank Of Canada set a C$6.00 price target on shares of Kraken Robotics and gave the company a “moderate buy” rating in a report on Tuesday, September 15th. Desjardins reduced their price objective on shares of Kraken Robotics from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Raymond James Financial decreased their price objective on shares of Kraken Robotics from C$11.00 to C$8.00 and set an “outperform” rating for the company in a report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.67.

Kraken Robotics Trading Up 6.1%

Shares of PNG stock traded up C$0.25 during trading hours on Wednesday, reaching C$4.38. The company’s stock had a trading volume of 759,630 shares, compared to its average volume of 1,523,261. The stock has a market capitalization of C$1.63 billion, a P/E ratio of -219.00 and a beta of 1.03. Kraken Robotics has a one year low of C$3.77 and a one year high of C$10.72. The firm’s fifty day simple moving average is C$4.95 and its 200 day simple moving average is C$6.39. The company has a current ratio of 1.33, a quick ratio of 0.64 and a debt-to-equity ratio of 16.99.

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.