Kirin Holdings Co. (KNBWY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Kirin Holdings Co. (OTCMKTS:KNBWY) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The brokerage currently has $23.00 target price on the stock.

According to Zacks, “Kirin Holdings Company, Limited is engaged in the manufacture and sale of alcohol beverages and soft drinks. The Company has four segments: Alcohol Beverage segment, Beverage and Food segment, Pharmaceutical and Biochemicals segment and Others segment. It offers beer, wine, ready-to-drink products, spirits, coffee, black tea, Japanese tea, mineral water, juices, dairy products and beverages, seasonings, soft drinks, freeze-dried soups, milk, and cheese. Kirin also engages in the research, development, manufacture and sale of various pharmaceutical products, manufacture and sale of diagnostic reagents, production and maintenance of genetically modified cattle and the research and development of human polyclonal antibody platform technology. Kirin Holdings Company, Limited, formerly known as Kirin Brewery Company, is headquartered in Tokyo, Japan. “

Kirin Holdings (KNBWY) opened at 20.89 on Wednesday. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 16.96 and a beta of 0.59. The company’s 50-day moving average price is $21.32 and its 200 day moving average price is $18.65. Kirin Holdings has a 1-year low of $15.69 and a 1-year high of $22.57.

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Kirin Holdings Company Profile

Kirin Holdings Company, Limited is a holding company. The Company is engaged in alcohol beverages, non-alcohol beverages, and pharmaceuticals and bio-chemicals businesses. The Company’s segments include Integrated Beverages, Pharmaceuticals and Bio-chemicals, and Others. Its Others segment includes food business, such as dairy products, and others.

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