Kraken Robotics Inc. (CVE:PNG) Given Average Recommendation of “Buy” by Brokerages

Shares of Kraken Robotics Inc. (CVE:PNG) have received a consensus rating of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$6.06.

A number of brokerages have recently issued reports on PNG. Desjardins lifted their price target on Kraken Robotics from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. National Bankshares raised their price objective on Kraken Robotics from C$5.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Cormark lowered shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Raymond James Financial increased their target price on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research report on Tuesday, November 25th.

Kraken Robotics Trading Up 0.5%

PNG stock opened at C$6.26 on Monday. Kraken Robotics has a 12-month low of C$2.06 and a 12-month high of C$7.44. The business’s 50-day moving average is C$5.97 and its 200 day moving average is C$4.57. 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$1.92 billion, a price-to-earnings ratio of 89.43 and a beta of 0.97.

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.