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

Shares of Kraken Robotics Inc. (CVE:PNG) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$7.13.

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

Kraken Robotics Stock Performance

Shares of CVE PNG opened at C$9.96 on Friday. The company has a market cap of C$3.05 billion, a P/E ratio of 142.29 and a beta of 0.72. Kraken Robotics has a 52-week low of C$2.06 and a 52-week high of C$10.72. The company has a debt-to-equity ratio of 16.12, a quick ratio of 0.64 and a current ratio of 7.30. The firm’s fifty day moving average is C$8.16 and its two-hundred day moving average is C$6.34.

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.