Krones (ETR:KRN) Stock Upgrade
Commerzbank AG has increased shares of Krones (ETR:KRN) to a “Buy” and at this point in time has a EUR 125.00 target on the stock. This was shown in an analysts report earlier today. Commerzbank AG’s target implies a possible upside of 8.13%.
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 -8.68% below today’s (€115.25) 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.
Approximately 34 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 AG is a Germany-based company engaged in packaging and bottling machine manufacturing. The company has a market cap of 3.64 billion EUR. It operates throug three divisions. It has 24.81 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.