KRONES (ETR:KRN) Rating Reconfirmed

Frankfurt: In a report issued to investors and clients on 2 May, Independent Research GmbH reiterated their “Hold” rating on shares of Krones (ETR:KRN). They currently have a EUR 110.00 PT on the company. Independent Research GmbH’s target suggests a potential upside of 10.49 % from the company’s current stock price.

ETR:KRN is now trading 0.34% higher at EUR 99.88 as of 17:23 Frankfurt time. KRONES’s stock is down -3.54% over the past 200 days. It has underperformed the S&P500 Index, which has dropped -2.02% over the same time.

ETR:KRN Price Chart & Trend

The stock price of KRONES has dropped 3.54% over the last 200 days, and is in very weak down trend. In the last 50 and 100 days, KRONES is up 2.63% and down 8.92%, 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 0.34% on 2 May, hitting EUR 99.88. A total of 22,901 shares of the company’s stock traded hands. This is down from average of 33,109 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 3.16 billion EUR and a P/E ratio of 21.05.

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

The post KRONES (ETR:KRN) Investors: Independent Research GmbH Reconfirms “Hold” Rating, Sees EUR 110.00/Share appeared first on Octafinance.