Kraken Robotics (CVE:PNG) Given a C$3.60 Price Target at Desjardins

Kraken Robotics (CVE:PNG) has been given a C$3.60 price target by research analysts at Desjardins in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 36.88% from the company’s previous close.

Several other analysts have also issued reports on PNG. Canaccord Genuity Group increased their target price on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd. Raymond James upgraded Kraken Robotics to a “moderate buy” rating in a research report on Thursday, January 23rd.

Kraken Robotics Stock Up 6.5 %

Shares of PNG traded up C$0.16 on Wednesday, hitting C$2.63. The company’s stock had a trading volume of 1,153,572 shares, compared to its average volume of 1,104,080. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. The firm’s fifty day moving average price is C$2.66 and its 200-day moving average price is C$2.07. Kraken Robotics has a fifty-two week low of C$0.75 and a fifty-two week high of C$3.01. The firm has a market capitalization of C$605.24 million, a price-to-earnings ratio of 52.60 and a beta of 1.15.

Insider Transactions at Kraken Robotics

In other Kraken Robotics news, Senior Officer David Shea bought 11,954 shares of the business’s stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of C$2.64 per share, for a total transaction of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of C$2.46 per share, for a total transaction of C$39,999.60. Corporate insiders own 10.13% of the company’s stock.

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.