The shares rose 1.3% on Friday. The company reached a high of EUR109.50 ($119.02), and traded last at EUR108.60. A total of 18,296 stocks were traded, which is a 46% decrease from the average daily trading volume of 33 680 shares. The stock closed previously at EUR107.20 (116.52).
Wall Street analysts weigh in
Several research analysts recently made comments on KRN's shares. Warburg Research published a research note on March 1st that set a EUR148.00 (160.87 USD) price target on Krones shares. Baader Bank published a research report on Krones on Thursday, 22nd February with a EUR120.00 ($130.43). Hauck Aufhauser Investment Banking, in a note of research published on February 27th, set a EUR114.00 (US$123.91) price target on Krones shares. Berenberg Bank set an EUR110.00 ($119.57), target price for shares of Krones, in a research report on March 1st. The company's debt-to equity ratio is 0.31. Its current ratio is 1.37, and its quick ratio 0.98. The market capitalization is $3.43 billion. It has a P/E of 19.46 and a PEG of 0.78. The company's simple moving 50-day average is EUR109.57, and its simple two-hundred-day moving average EUR104.57.
Krones AG and its subsidiaries plan, develop, and manufacture machines and lines in Germany and abroad for production, filling and packaging technologies. It is divided into two segments: Machines and Lines for Filling and Decorating Products, and Machines and Lines for Beverage Production/Process Technology.
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