Kraken Robotics (CVE:PNG – Get Free Report) had its target price decreased by research analysts at Desjardins to C$13.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 100.59% from the company’s current price.
PNG has been the subject of several other reports. ATB Cormark Capital Markets lowered shares of Kraken Robotics from a “hold” rating to a “strong sell” rating and lifted their price objective for the stock from C$5.50 to C$6.50 in a research note on Friday, March 13th. Scotia raised their target price on shares of Kraken Robotics from C$9.00 to C$12.00 and gave the stock a “sector outperform” rating in a report on Friday. Finally, National Bank Financial dropped their price target on shares of Kraken Robotics to C$10.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kraken Robotics currently has a consensus rating of “Moderate Buy” and an average target price of C$8.71.
Read Our Latest Analysis on PNG
Kraken Robotics Trading Up 5.7%
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.
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