Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – What’s Next?

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) gapped up prior to trading on Wednesday . The stock had previously closed at $23.5660, but opened at $24.87. Knorr-Bremse shares last traded at $24.87, with a volume of 137 shares.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research cut Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Knorr-Bremse in a research note on Monday, November 3rd. UBS Group raised shares of Knorr-Bremse to a “strong-buy” rating in a report on Friday, October 31st. Finally, Citigroup restated a “neutral” rating on shares of Knorr-Bremse in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Knorr-Bremse has an average rating of “Hold”.

Knorr-Bremse Stock Performance

The business’s 50 day moving average is $23.74 and its two-hundred day moving average is $24.59.

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.