Kraken Robotics (CVE:PNG) Stock Rating Upgraded by National Bank Financial

Kraken Robotics (CVE:PNG) was upgraded by research analysts at National Bank Financial from a “hold” rating to an “outperform” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has a C$13.00 price objective on the stock, up from their prior price objective of C$8.75. National Bank Financial’s target price points to a potential upside of 37.13% from the stock’s previous close.

PNG has been the subject of several other research reports. Raymond James Financial upped their price objective on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Cormark downgraded shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Desjardins boosted their target price on shares of Kraken Robotics from C$9.50 to C$14.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kraken Robotics currently has a consensus rating of “Moderate Buy” and an average price target of C$8.75.

Kraken Robotics Price Performance

Kraken Robotics stock opened at C$9.48 on Friday. The stock has a 50-day moving average price of C$8.28 and a two-hundred day moving average price of C$6.42. Kraken Robotics has a 12 month low of C$2.06 and a 12 month high of C$10.72. The company has a market capitalization of C$2.91 billion, a PE ratio of 135.43 and a beta of 0.72. The company has a current ratio of 7.30, a quick ratio of 0.64 and a debt-to-equity ratio of 16.12.

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.