Analysts Set Kraken Robotics Inc. (CVE:PNG) PT at C$7.13

Kraken Robotics Inc. (CVE:PNG) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$7.13.

A number of research firms have commented on PNG. Natl Bk Canada downgraded shares of Kraken Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Desjardins boosted their target price on shares of Kraken Robotics from C$6.50 to C$9.50 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. National Bank Financial cut shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$7.50 to C$8.75 in a research report on Wednesday, January 14th. Cormark downgraded Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Raymond James Financial boosted their price objective on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a report on Tuesday, November 25th.

Kraken Robotics Stock Performance

Kraken Robotics stock opened at C$7.22 on Tuesday. Kraken Robotics has a 52 week low of C$2.06 and a 52 week high of C$9.23. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. The stock has a market cap of C$2.21 billion, a P/E ratio of 103.14 and a beta of 1.11. The stock has a 50 day moving average of C$7.22 and a 200-day moving average of C$5.65.

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.