Knorr-Bremse (OTCMKTS:KNRRY) Hits New 52-Week High – What’s Next?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares reached a new 52-week high during trading on Thursday . The company traded as high as $27.16 and last traded at $27.16, with a volume of 1221 shares changing hands. The stock had previously closed at $26.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KNRRY shares. Zacks Research raised shares of Knorr-Bremse from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. The Goldman Sachs Group raised Knorr-Bremse to a “strong-buy” rating in a report on Friday, November 28th. UBS Group upgraded Knorr-Bremse to a “strong-buy” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft raised shares of Knorr-Bremse from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Finally, Morgan Stanley raised shares of Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Down 1.1%

The business has a 50 day moving average price of $24.31 and a two-hundred day moving average price of $24.70.

Knorr-Bremse Company Profile

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.