Kraken Robotics Inc. (CVE:PNG) Receives C$7.13 Consensus Price Target from Analysts

Shares of Kraken Robotics Inc. (CVE:PNG) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$7.13.

Several analysts have recently weighed in on PNG shares. Desjardins upped their price objective on Kraken Robotics from C$6.50 to C$9.50 and gave the company a “buy” rating in a report on Wednesday, January 14th. National Bank Financial lowered shares of Kraken Robotics from an “outperform” rating to a “hold” rating and raised their price objective for the company from C$7.50 to C$8.75 in a research report on Wednesday, January 14th. Raymond James Financial boosted their target price on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Finally, Cormark lowered shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 25th.

Kraken Robotics Price Performance

CVE PNG opened at C$9.17 on Friday. Kraken Robotics has a 12 month low of C$2.06 and a 12 month high of C$9.52. The firm has a market capitalization of C$2.81 billion, a PE ratio of 131.00 and a beta of 0.72. The company’s 50 day simple moving average is C$8.02 and its 200 day simple moving average is C$6.26. The company has a debt-to-equity ratio of 16.12, a current ratio of 7.30 and a quick ratio of 0.64.

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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.