Krones (ETR:KRN) Given a €72.00 Price Target at HSBC

HSBC set a €72.00 ($83.72) price target on Krones (ETR:KRN) in a research report report published on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Hauck & Aufhaeuser set a €74.00 ($86.05) target price on shares of Krones and gave the stock a neutral rating in a report on Monday, April 29th. DZ Bank reiterated a neutral rating on shares of Krones in a report on Thursday, July 11th. UBS Group set a €75.00 ($87.21) target price on shares of Krones and gave the stock a neutral rating in a report on Thursday, July 25th. Pareto Securities set a €65.00 ($75.58) target price on shares of Krones and gave the stock a neutral rating in a report on Thursday, July 25th. Finally, Baader Bank set a €70.00 ($81.40) target price on shares of Krones and gave the stock a buy rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Krones currently has an average rating of Hold and an average price target of €73.92 ($85.96).

Shares of Krones stock opened at €51.90 ($60.35) on Monday. The company has a current ratio of 1.51, a quick ratio of 1.18 and a debt-to-equity ratio of 19.58. Krones has a 1 year low of €51.65 ($60.06) and a 1 year high of €108.90 ($126.63). The business’s 50-day simple moving average is €63.17. The company has a market cap of $1.64 billion and a PE ratio of 11.04.

About Krones

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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Analyst Recommendations for Krones (ETR:KRN)

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