Kraken Robotics Inc. (CVE:PNG) Receives C$4.10 Consensus PT from Brokerages

Kraken Robotics Inc. (CVE:PNG) has been given a consensus rating of “Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$4.10.

A number of analysts recently commented on PNG shares. National Bankshares upped their price objective on Kraken Robotics from C$4.00 to C$5.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Canaccord Genuity Group cut Kraken Robotics from a “strong-buy” rating to a “hold” rating and upped their price objective for the company from C$3.50 to C$4.00 in a research report on Thursday, July 24th. Desjardins boosted their price target on Kraken Robotics from C$4.00 to C$5.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Scotiabank raised Kraken Robotics to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Raymond James Financial boosted their price target on Kraken Robotics from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Friday, August 22nd.

Kraken Robotics Stock Up 0.2%

Kraken Robotics stock opened at C$4.19 on Friday. The stock has a market cap of C$1.28 billion, a PE ratio of 59.86 and a beta of 0.91. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. Kraken Robotics has a one year low of C$1.57 and a one year high of C$4.37. The stock has a fifty day moving average of C$3.58 and a 200 day moving average of C$2.88.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.