Kraken Robotics Inc. (CVE:PNG) Receives C$6.06 Consensus Price Target from Analysts

Shares of Kraken Robotics Inc. (CVE:PNG) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$6.06.

PNG has been the subject of a number of recent research reports. Raymond James Financial lifted their price objective on Kraken Robotics from C$4.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. National Bankshares lifted their price target on shares of Kraken Robotics from C$5.00 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research report on Thursday, August 14th. Cormark downgraded shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Desjardins raised their target price on shares of Kraken Robotics from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research report on Tuesday, November 25th.

Kraken Robotics Price Performance

Shares of CVE:PNG opened at C$5.93 on Thursday. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The business’s fifty day moving average price is C$5.66 and its two-hundred day moving average price is C$4.09. The stock has a market cap of C$1.82 billion, a PE ratio of 84.71 and a beta of 1.07. Kraken Robotics has a one year low of C$2.06 and a one year high of C$7.44.

Kraken Robotics Company Profile

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.