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Warburg Research Kept EUR 118.00 TP for KRONES (ETR:KRN) But Improved It’s Rating to Buy

London KRONES ETR:KRN

KRONES (ETR:KRN) Rating Upgrade

Krones (ETR:KRN)’s stock was upped to Buy by analysts at Warburg Research, who have a target price of EUR 118.00 on KRN. Warburg Research’s target is 13.52 % from KRN’s last price.

Despite this stock rating upgrade ETR:KRN is currently trading -1.65% lower at EUR 104.10 as of 00:49 Frankfurt time. KRONES’s stock is up 6.75% over the past 200 days. It has outperformed the Standard & Poor’s 500 index, which has decreased -1.12% over the same time.

ETR:KRN Price Chart & Trend

The stock price of KRONES has risen 6.75% over the last 200 days, and is in unsteady up trend. In the last 50 and 100 days, KRONES is up 8.12% and down 6.98%, respectively. Our stocks momentum model is shown on the price chart below. Warburg Research Kept EUR 118.00 TP for KRONES (ETR:KRN) But Improved Its Rating to Buy

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

KRN Stock Chart

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 down -1.65% on 1 April, hitting EUR 104.1. A total of 44,476 shares of the company’s stock traded hands. This is down from average of 55,783 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 3.29B EUR and a P/E ratio of 21.94.

Get the latest KRONES (ETR:KRN) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Warburg Research Kept EUR 118.00 TP for KRONES (ETR:KRN) But Improved It’s Rating to Buy appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Warburg Research Kept EUR 118.00 TP for KRONES (ETR:KRN) But Improved It’s Rating to Buy

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