Knorr-Bremse AG (OTCMKTS:KNRRY) Receives Average Rating of “Moderate Buy” from Analysts

Knorr-Bremse AG (OTCMKTS:KNRRYGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $69.50.

A number of analysts have recently weighed in on KNRRY shares. JPMorgan Chase & Co. reduced their price objective on shares of Knorr-Bremse from €75.00 ($81.52) to €69.00 ($75.00) in a research note on Friday, December 9th. Jefferies Financial Group began coverage on Knorr-Bremse in a report on Monday, November 7th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised Knorr-Bremse from a “hold” rating to a “buy” rating in a report on Monday, January 9th. Finally, Oddo Bhf upgraded Knorr-Bremse from a “neutral” rating to an “outperform” rating and set a €63.00 ($68.48) target price for the company in a research note on Friday, November 18th.

Knorr-Bremse Stock Performance

KNRRY opened at $16.09 on Friday. The business has a 50 day moving average price of $14.34 and a 200 day moving average price of $13.16. Knorr-Bremse has a twelve month low of $10.25 and a twelve month high of $26.07.

Knorr-Bremse Company Profile

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Knorr-Bremse AG engages in the manufacture and sale of braking systems for rail and commercial vehicles. It operates through the Rail Vehicle Systems and Commercial Vehicle Systems segments. The Rail Vehicle Systems segment supplies products and services for local public transport vehicles, such as metros, light rail vehicles (LRV), freight cars, locomotives, regional and high-speed trains, and monorails.

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Analyst Recommendations for Knorr-Bremse (OTCMKTS:KNRRY)

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