Shares of Kraken Robotics Inc. (CVE:PNG – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$8.46.
Several research analysts recently commented on PNG shares. National Bank Financial reduced their price objective on shares of Kraken Robotics to C$10.00 in a research note on Friday, July 3rd. Scotia raised their target price on shares of 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. ATB Cormark Capital Markets cut their price target on shares of Kraken Robotics from C$6.50 to C$5.00 and set an “underperform” rating on the stock in a report on Tuesday. Finally, Desjardins reduced their price target on Kraken Robotics to C$13.50 and set a “buy” rating on the stock in a research report on Friday, July 3rd.
Read Our Latest Stock Report on PNG
Kraken Robotics Stock Performance
Insider Buying and Selling at Kraken Robotics
In other Kraken Robotics news, Director Donald Christopher Robertson purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was bought at an average cost of C$6.05 per share, for a total transaction of C$60,500.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at C$60,500. This represents a ∞ increase in their position. Also, insider Duane Joseph Alexander Mackay purchased 41,500 shares of the stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of C$6.00 per share, with a total value of C$249,000.00. Following the acquisition, the insider owned 1,154,500 shares of the company’s stock, valued at approximately C$6,927,000. This represents a 3.73% increase in their position. 10.13% of the stock is owned by insiders.
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.
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