Krones share falls on the stock market: course at € 108.80 (26.06.23)

Krones share falls on the stock market: course at € 108.80 (26.06.23)

Krrones share wrote down a little easier

On the German stock exchange, the Krones stock (Krones share) is currently a little easier. The recent course was 108.80 euros. This means a minus of 0.27 percent compared to the previous trading day. The paper was reduced by 30 cents. The security currently costs 108.80 euros. Compared to the MDAX, Krones' share certificate is behind. The MDAX itself is 26,805 points, which corresponds to an increase of 0.06 percent.

The Krones share has so far recorded the lowest course on November 16, 1998 with a value of 6.31 euros, i.e. 102.49 euros less than the current hour.

The company Krones

KRONES AG is a company that works in the planning, development and manufacture of machines and systems for production, filling and packaging technology at home and abroad. The company is active in the three segments filling and packaging technology, process technology and intralogistics. In the segment filling and packaging technology, Krones offers machines and systems for various applications, such as for stretch bubbles, filling, locking, tempering, temperature, labeling, printing, packaging, palleting, checking, cleaning, promoting and preparing used plastic bottles to make food-compatible recyclat.

A look at similar stocks

Krones competes on the market with several companies, including the GEA Group and Andritz. The GEA Group share is currently in red 0.26 percent, while Andritz's share is a loss of 1.25 percent.

Analysts evaluate the Krones share positively

Several analysts observe the Krones share. The analysis house Warburg Research left the classification for the share after a conference on "Buy" and set a price target of 156 euros. Analyst Stefan Augustin continues to expect structural growth and margin expansion at Krones.

DZ Bank also raised the fair value of the Krones share and left the classification to "buy". Analyst Thorsten Reigber continues to see the company's investment case as an intact and emphasizes the predictability in a difficult economic environment. He also expects continued sales growth through price effects by the end of the third quarter of 2024.

This article was written by the ariva.de Editor and is based on stock analyzes from DPA-AFX. You can find an obligation to disclose in the sense of § 34 b WPHG for the analyst houses mentioned.

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Source: ariva.de