The shares rose 3.3% in midday trading on Friday. The company's shares traded up to EUR67.34 ($74.00), and were last seen at EUR66.38. During trading, 265,153 stocks were traded. The stock previously closed at EUR64.24 (70.59).
Wall Street analysts forecast growth
Recently, a number of equity analysts published reports on the company. Credit Suisse Group published a research note on February 14th that set a EUR66.00 (USD72.53) target price for Knorr Bremse. Hauck Aufhauser Investment Banking published a research note on Knorr Bremse on February 28th with a EUR60.00 (US$65.93). Jefferies Financial Group published a research note on Knorr Bremse on Thursday, 9th March with a EUR64.00 (70.33 USD) price target. The company has a moving average 50-days of EUR61.81, and a moving average two-hundred days of EUR58.03. The market cap is $10.70 billion. There are P/E ratios of 21.48 and 16.71, as well as a beta value of 0.95. The company's debt-to equity ratio is 80.67. It has a current and quick ratios of 1.65, 1.10, and 1.65.
Knorr-Bremse AG is a global company that develops, manufactures, markets and services brake and other systems for commercial vehicles and rail. The company is divided into two segments: Rail Vehicle Systems, and Commercial Vehicle Systems. It provides braking, entry and HVAC systems, power electrics, control technology, digital solutions for optimizing rail traffic, couplers, signal systems, stationary and mobile test equipment, wiper and washing systems, and sanitary systems.
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