Krones (ETR:KRN) Stock Upgrade
In a note made public on 17 December, UBS AG increased the shares of Krones (ETR:KRN) to a respectable Buy rating. They currently have a EUR 116.00 target PPS on the stock. This target PPS could mean a possible upside of 6.28% from the close price of Krones (ETR:KRN) shares.
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 €106.08 with a -2.90% below today’s (€109.25) stock price. Krones was the topic of 16 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on December 2 with “Hold” rating. Independent Research maintained shares with “Hold” rating and €110 target share price in a report from an October 27. Kepler Cheuvreux maintained KRN stock in a recent report from November 27 with “Hold” rating. S&P Research upgraded the rating on October 23. S&P Research has a “Buy” rating and a €115 price target on shares. Finally, Oddo & Cie upgraded the stock to “Buy” rating in a report issued on a November 27.
The stock decreased 0.05% or EUR 0.05 on December 16, striking EUR 109.25. Approximately 64,098 shares of stock traded hands or 47.18% up from the average. Krones AG (ETR:KRN) has declined 2.69% since May 20, 2015 and is downtrending. It has underperformed by 0.07% the S&P500.
Krones AG is a Germany-based company engaged in packaging and bottling machine manufacturing. The company has a market cap of 3.37 billion EUR. It operates throug three divisions. It has 23.02 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.