Henkel AG & Co. (OTCMKTS:HENKY) Shares Cross Below 50 Day Moving Average – What’s Next?

Henkel AG & Co. (OTCMKTS:HENKY)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.86 and traded as low as $18.64. Henkel AG & Co. shares last traded at $18.81, with a volume of 67,669 shares changing hands.

Analysts Set New Price Targets

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

Henkel AG & Co. Price Performance

The business has a 50-day moving average price of $18.86 and a 200 day moving average price of $18.57.

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.