Henkel AG & Co. (OTCMKTS:HENKY) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Henkel AG & Co. (OTCMKTS:HENKY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.99 and traded as high as $19.51. Henkel AG & Co. shares last traded at $19.4620, with a volume of 103,910 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada upgraded shares of Henkel AG & Co. to a “hold” rating in a research note on Wednesday, September 17th. BNP Paribas raised shares of Henkel AG & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Finally, Zacks Research lowered Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Henkel AG & Co. Trading Up 0.8%

The company’s 50 day moving average is $18.99 and its 200-day moving average is $18.52.

About Henkel AG & Co.

Henkel AG & Co KGaA, together with its subsidiaries, engages in the adhesive technologies and beauty care, and laundry and home care businesses worldwide. It operates in two segments, Adhesive Technologies and Consumer Brands segments. The company offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods; mobility and electronics; and craftsmen, construction, and professional industries.