Kirin Holdings Co. (OTCMKTS:KNBWY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $24.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 9.59% from the stock’s previous close.

According to Zacks, “Kirin Holdings Company, Limited is engaged in the manufacture and sale of alcohol beverages and soft drinks. The Company has four segments: Alcohol Beverage segment, Beverage and Food segment, Pharmaceutical and Biochemicals segment and Others segment. It offers beer, wine, ready-to-drink products, spirits, coffee, black tea, Japanese tea, mineral water, juices, dairy products and beverages, seasonings, soft drinks, freeze-dried soups, milk, and cheese. Kirin also engages in the research, development, manufacture and sale of various pharmaceutical products, manufacture and sale of diagnostic reagents, production and maintenance of genetically modified cattle and the research and development of human polyclonal antibody platform technology. Kirin Holdings Company, Limited, formerly known as Kirin Brewery Company, is headquartered in Tokyo, Japan. “

Shares of Kirin Holdings (OTCMKTS:KNBWY) opened at 21.90 on Tuesday. Kirin Holdings has a 12 month low of $15.69 and a 12 month high of $22.57. The stock has a market cap of $19.98 billion, a P/E ratio of 17.76 and a beta of 0.61. The company has a 50 day moving average price of $21.41 and a 200-day moving average price of $19.42.

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About Kirin Holdings

Kirin Holdings Company, Limited is a holding company. The Company is engaged in alcohol beverages, non-alcohol beverages, and pharmaceuticals and bio-chemicals businesses. The Company’s segments include Integrated Beverages, Pharmaceuticals and Bio-chemicals, and Others. Its Others segment includes food business, such as dairy products, and others.

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