Key Equity Analysts at Norddeutsche Landesbank Have Maintained their ‘”Hold”’ rating for Krones (ETR:KRN) Shares Today. Their Price Target Provided Is EUR 110.00

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Krones (ETR:KRN) Rating Reaffirmed

They currently have a EUR 110.00 Estimated Target Price on Krones (ETR:KRN). The target price by Norddeutsche Landesbank would suggest a potential downside of -4.76% from the company’s stock close price. This has been unveiled in analysts note on 2 December.

From a total of 12 analysts covering Krones (ETR:KRN) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is €125 while the lowest target price is €55. The mean of all analyst targets is €105.25 with a -8.76% below today’s (€115.35) stock price. Krones was the topic of 15 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Commerzbank upgraded shares on November 27 to “Buy” rating. S&P Research upgraded shares to “Buy” rating and €115 target share price in a report from an October 23. Baader Wertpapierhandelsbank maintained KRN stock in a recent report from November 27 with “Hold” rating. Warburg Research upgraded the rating on October 16. Warburg Research has a “Buy” rating and a €119 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on an October 27.

The stock increased 0.13% or EUR 0.15 on December 1, striking EUR 115.35. Approximately 67,449 shares of stock traded hands or 65.72% up from the average. Krones AG (ETR:KRN) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

Key Equity Analysts at Norddeutsche Landesbank Have Maintained their ‘

Krones AG is a Germany-based company engaged in packaging and bottling machine manufacturing. The company has a market cap of 3.66 billion EUR. It operates throug three divisions. It has 24.83 P/E ratio. The Machines and lines for product filling and decoration segment covers systems, product treatment, labeling, inspection, filling, cleaning, plastics, packaging and palletizing, as well as conveying systems technology for the beverage, food, cosmetics and tobacco industries, among others.

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