KRONES (ETR:KRN) Rating Maintained

They currently have a EUR 110.00 target price on Krones (ETR:KRN). Independent Research GmbH’s target would suggest a potential upside of 5.26 % from the company’s current price. This was revealed to clients and investors in analysts note on Tuesday, 22 March.

ETR:KRN Price Chart & Trend

The stock price of KRONES has surged 10.8% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, KRONES is up 5.07% and down 6.52%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

KRONES (ETR:KRN) Profile

Krones AG is a Germany-based company engaged in packaging and bottling machine manufacturing. It operates throug three segments. 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.

KRONES (ETR:KRN) traded up 0.87% on 22 March, hitting EUR 104.75. A total of 49,819 shares of the company’s stock traded hands. This is down from average of 57,814 shares. KRONES has a 52 week low of EUR 88.52 and a 52 week high of EUR 117.1. The company has a market cap of 3.31 billion EUR and a P/E ratio of 22.08.

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The post Independent Research GmbH Reiterates a Hold Rating on KRONES (ETR:KRN) and EUR 110.00 Target appeared first on Octafinance.