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

HSBC set a €72.00 ($83.72) price objective on Krones (ETR:KRN) in a report released on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also issued reports on KRN. DZ Bank restated a neutral rating on shares of Krones in a research report on Thursday, July 11th. Hauck & Aufhaeuser set a €55.00 ($63.95) price target on Krones and gave the stock a neutral rating in a research note on Wednesday, August 21st. Warburg Research set a €69.00 ($80.23) price target on Krones and gave the stock a buy rating in a research note on Thursday, July 25th. Baader Bank set a €62.00 ($72.09) price target on Krones and gave the stock a buy rating in a research note on Monday, September 2nd. Finally, Independent Research set a €54.00 ($62.79) price target on Krones and gave the stock a neutral rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Krones has a consensus rating of Hold and an average target price of €71.54 ($83.18).

Shares of Krones stock opened at €52.00 ($60.47) on Friday. Krones has a twelve month low of €47.46 ($55.19) and a twelve month high of €104.50 ($121.51). The business has a 50-day moving average price of €51.07 and a 200 day moving average price of €68.58. The company has a quick ratio of 1.11, a current ratio of 1.44 and a debt-to-equity ratio of 17.79. The firm has a market cap of $1.64 billion and a PE ratio of 15.33.

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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