Krones (ETR:KRN) Just Hit With Upgrade From Oddo Seydler Bank AG. Will Other Analysts Also Upgrade the Stock?


Krones (ETR:KRN) Stock Upgrade

In an interesting research report shared with investors on 27 November, professional analysts at the Oddo Seydler Bank AG stock research division raised shares of Krones (ETR:KRN) to a respectable “Buy” rating. They now have a TP set at EUR 113.00 on KRN equating to -2.25% more downside.

From a total of 9 analysts covering Krones (ETR:KRN) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 44% 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 €103.78 with a -10.38% below today’s (€115.8) stock price. Krones was the topic of 11 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on October 27 with “Hold” rating. Landesbank maintained shares with “Hold” rating and €100 target share price in a report from a September 15. Warburg Research upgraded KRN stock in a recent report from October 16 to “Buy” rating. HSBC maintained the rating on July 24. HSBC has a “Hold” rating and a €89 price target on shares. Finally, Commerzbank upgraded the stock to “Buy” rating in a report issued on a September 18.

The stock increased 0.78% or EUR 0.9 on November 26, striking EUR 115.8. Approximately 36,088 shares of stock traded hands. Krones AG (ETR:KRN) has declined 2.69% since April 24, 2015 and is downtrending. It has underperformed by 1.33% the S&P500.

 Krones (ETR:KRN) Just Hit With Upgrade From Oddo Seydler Bank AG. Will Other Analysts Also Upgrade the Stock?

Krones AG is a Germany-based company engaged in packaging and bottling machine manufacturing. The company has a market cap of 3.59 billion EUR. It operates throug three divisions. It has 24.93 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.