Krones AG (KRN) Given Average Rating of “Hold” by Analysts

Krones AG (ETR:KRN) has been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is €110.71 ($128.74).

KRN has been the subject of several recent analyst reports. Hauck & Aufhaeuser set a €100.00 ($116.28) price target on shares of Krones and gave the stock a “neutral” rating in a report on Thursday, September 20th. Commerzbank set a €120.00 ($139.53) price target on shares of Krones and gave the stock a “neutral” rating in a report on Thursday, July 26th. Berenberg Bank set a €95.00 ($110.47) price target on shares of Krones and gave the stock a “sell” rating in a report on Friday, July 27th. UBS Group set a €115.00 ($133.72) price target on shares of Krones and gave the stock a “neutral” rating in a report on Friday, July 6th. Finally, Baader Bank set a €130.00 ($151.16) price target on shares of Krones and gave the stock a “buy” rating in a report on Thursday, July 26th.

ETR KRN traded down €2.50 ($2.91) on Friday, hitting €84.50 ($98.26). The company had a trading volume of 99,317 shares, compared to its average volume of 33,680. Krones has a 12-month low of €98.70 ($114.77) and a 12-month high of €121.25 ($140.99).

Krones Company Profile

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.

Read More: Intrinsic Value and Stock Selection

Analyst Recommendations for Krones (ETR:KRN)

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