KRONES (ETR:KRN) Change of Rating

Krones (ETR:KRN)’s stock was upgraded to Buy by investment analysts at Warburg Research, who have a price target of EUR 107.50 on KRN. Warburg Research’s target is 16.03 % from KRN’s last price.

The company’s rating upgrade is well received by stock traders, as ETR:KRN is now trading 1.17% higher at EUR 92.77 as of 01:40 Frankfurt time. KRONES shares have dropped -3.31% in the past 200 days, while the S&P 500 Index has gained 9.85% for the same time.

ETR:KRN Price Chart & Trend

The stock price of KRONES dropped 3.31% over the last 200 days, and is in fragile down trend. In the last 50 and 100 days, KRONES is down 7.83% and down 10.38%, 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 1.17% on 24 July, hitting EUR 92.77. A total of 170,829 shares of the company’s stock traded hands. This is up from average of 47,341 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 2.93B EUR and a P/E ratio of 18.18.

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

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