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PIERER Mobility AG ( (CH:PKTM) ) has provided an announcement.
PIERER Mobility AG announced the sale of FELT Bicycles to its minority shareholders, marking its exit from the bicycle sector to concentrate on its core motorcycle business. This strategic move, involving a transaction in the mid-single-digit million range, aligns with the company’s focus on strengthening its motorcycle segment, which includes the KTM, GasGas, and Husqvarna brands.
The most recent analyst rating on (CH:PKTM) stock is a Hold with a CHF28.00 price target. To see the full list of analyst forecasts on PIERER Mobility AG stock, see the CH:PKTM Stock Forecast page.
More about PIERER Mobility AG
PIERER Mobility AG, soon to be renamed Bajaj Mobility AG, is a company that focuses on the motorcycle industry. Its primary products include motorcycles under the core brands KTM, GasGas, and Husqvarna.
Average Trading Volume: 5,485
Technical Sentiment Signal: Strong Sell
Current Market Cap: CHF496.1M
See more insights into PKTM stock on TipRanks’ Stock Analysis page.