Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Should You Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRYGet Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $31.36, but opened at $33.67. Knorr-Bremse shares last traded at $33.67, with a volume of 241 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on KNRRY. Zacks Research cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Knorr-Bremse from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. The Goldman Sachs Group upgraded shares of Knorr-Bremse to a “strong-buy” rating in a research report on Friday, November 28th. Morgan Stanley upgraded shares of Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Finally, Barclays reissued an “underweight” rating on shares of Knorr-Bremse in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Knorr-Bremse

Knorr-Bremse Stock Performance

The business’s 50 day simple moving average is $29.32 and its 200 day simple moving average is $26.32.

Knorr-Bremse Company Profile

(Get Free Report)

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.

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