Upgrade Alert for KBR (KBR)
KBR (NYSE:KBR) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $14.10 on volume of 3.8 million shares, above average daily volume of 1.4 million.
Potential upside of 51.3% exists for KBR, based on a current level of $14.10 and analysts' average consensus price target of $21.33. KBR shares should first meet resistance at the 50-day moving average (MA) of $14.75 and find additional resistance at the 200-day MA of $16.37.
KBR share prices have moved between a 52-week high of $20.77 and a 52-week low of $11.61 and closed yesterday at 21% above that low price at $14.10 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.
KBR, Inc. is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors. The Company offers a wide range of services through two business segments, Energy and Chemicals (E&C) and Government and Infrastructure (G&I).
SmarTrend recommended that its subscribers protect gains by selling shares of KBR on September 14th, 2016 by issuing a Downtrend alert when the shares were trading at $14.34. Since that call, shares of KBR have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades