Warburg Research Reiterates “€102.00” Price Target for Krones (ETR:KRN)

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Warburg Research set a €102.00 ($118.60) price objective on Krones (ETR:KRN) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on KRN. Independent Research set a €79.00 ($91.86) target price on Krones and gave the stock a neutral rating in a research note on Monday, May 20th. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the stock a hold rating in a research note on Thursday. HSBC set a $122.00 target price on Tiffany & Co. and gave the stock a buy rating in a research note on Friday, June 14th. Cfra set a €50.00 ($58.14) target price on Krones and gave the stock a sell rating in a research note on Thursday. Finally, Hauck & Aufhaeuser set a €74.00 ($86.05) target price on Krones and gave the stock a neutral rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of €84.54 ($98.30).

Shares of KRN stock opened at €53.80 ($62.56) on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.18 and a debt-to-equity ratio of 19.58. The firm has a market cap of $1.70 billion and a P/E ratio of 11.44. The stock’s 50 day simple moving average is €69.62. Krones has a 1-year low of €63.80 ($74.19) and a 1-year high of €119.60 ($139.07).

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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