Kraken Robotics Inc. (CVE:PNG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kraken Robotics Inc. (CVE:PNG) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$7.13.

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

Kraken Robotics Stock Performance

Shares of PNG opened at C$7.99 on Friday. 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 stock has a market capitalization of C$2.45 billion, a P/E ratio of 114.14 and a beta of 0.95. The company’s fifty day moving average is C$6.46 and its two-hundred day moving average is C$5.17. Kraken Robotics has a 1 year low of C$2.06 and a 1 year high of C$8.93.

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. 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.