Henkel AG & Co. (OTCMKTS:HENKY) Stock Price Up 2.9% – Still a Buy?

Shares of Henkel AG & Co. (OTCMKTS:HENKY) shot up 2.9% during trading on Friday . The company traded as high as $19.61 and last traded at $19.61. 242 shares changed hands during trading, a decline of 100% from the average session volume of 108,609 shares. The stock had previously closed at $19.06.

Wall Street Analysts Forecast Growth

HENKY has been the topic of several research analyst reports. BNP Paribas upgraded Henkel AG & Co. from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Royal Bank Of Canada upgraded 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 and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Henkel AG & Co. Stock Down 0.3%

The company has a fifty day simple moving average of $18.96 and a 200-day simple moving average of $18.74.

About Henkel AG & Co.

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.