Knorr-Bremse (OTCMKTS:KNRRY) Sets New 12-Month High on Analyst Upgrade

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares reached a new 52-week high during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $28.35 and last traded at $28.35, with a volume of 350 shares changing hands. The stock had previously closed at $27.83.

Several other brokerages have also issued reports on KNRRY. UBS Group upgraded shares of Knorr-Bremse to a “strong-buy” rating in a research report on Friday, October 31st. Morgan Stanley upgraded Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Barclays restated an “underweight” rating on shares of Knorr-Bremse in a research report on Wednesday, December 3rd. The Goldman Sachs Group raised Knorr-Bremse to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft raised Knorr-Bremse from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Knorr-Bremse has an average rating of “Buy”.

Knorr-Bremse Stock Performance

The stock’s 50 day simple moving average is $25.95 and its 200-day simple moving average is $25.09.

Knorr-Bremse Company Profile

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.