Kraken Robotics (CVE:PNG – Get Free Report) had its target price decreased by ATB Cormark Capital Markets from C$6.50 to C$5.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential downside of 19.22% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Scotia increased their target price on Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a report on Friday. National Bank Financial cut their price target on Kraken Robotics to C$10.00 in a report on Friday. Finally, Desjardins reduced their price objective on Kraken Robotics to C$13.50 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kraken Robotics presently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.46.
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Kraken Robotics Price Performance
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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