KRONES (ETR:KRN) Rating Reiterated

Research professionals at Bankhaus Lampe KG have EUR 100.00 PT on Krones (ETR:KRN). Bankhaus Lampe KG’s PT indicates a potential downside of -3.80 % from the company’s last close price. The rating was revealed to investors in a research report on Friday, 1 April.

ETR:KRN is now trading -1.65% lower at EUR 104.10 as of 00:48 Frankfurt time. KRONES’s stock is up 6.75% over the past 200 days. It has outperformed the S&P500 Index, which has declined -1.12% over the same time.

ETR:KRN Price Chart & Trend

The stock price of KRONES increased 6.75% over the last 200 days, and is in unstable 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.

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 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 3.29 billion EUR and a P/E ratio of 21.94.

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The post KRONES (ETR:KRN) Investors: Bankhaus Lampe KG Reconfirms Hold Rating, Sees EUR 100.00/Share appeared first on Octafinance.