Kraken Robotics Inc. (CVE:PNG) Stock Has Consensus Target Price of C$9.00 According to Brokerages

Shares of Kraken Robotics Inc. (CVE:PNG) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$9.00.

Several research analysts have weighed in on PNG shares. Desjardins cut their price objective on Kraken Robotics from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. Scotia upped their price objective on Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a research note on Friday, July 3rd. Royal Bank Of Canada set a C$6.00 target price on Kraken Robotics and gave the company a “moderate buy” rating in a research report on Tuesday, September 15th. National Bank Financial decreased their target price on Kraken Robotics to C$10.00 in a research report on Friday, July 3rd. Finally, Raymond James Financial lowered their target price on Kraken Robotics from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Friday, August 28th.

Kraken Robotics Stock Performance

PNG stock opened at C$4.44 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 16.99. The firm has a market cap of C$1.65 billion, a PE ratio of -222.00 and a beta of 1.03. The business has a 50 day moving average of C$5.16 and a 200-day moving average of C$6.53. Kraken Robotics has a 12-month low of C$4.05 and a 12-month high of C$10.72.

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.