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An announcement from PIERER Mobility AG ( (CH:PKTM) ) is now available.
PIERER Mobility AG has sold FELT Bicycles to its minority shareholders as part of its strategic focus on the motorcycle segment. This move follows the termination of CFMOTO distribution and the sale of MV Agusta and X-Bow, aligning with the company’s goal to simplify operations and strengthen its position as a leading motorcycle manufacturer. The transaction is pending approval by the Supervisory Board and is expected to be completed by year-end.
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 Bajaj Mobility AG, is the holding company of KTM AG, a leading European motorcycle manufacturer. The company focuses on premium motorcycle brands such as KTM, Husqvarna, and GASGAS, and offers products including motorcycles with combustion engines, high-end components, and innovative electric vehicles.
Average Trading Volume: 5,629
Technical Sentiment Signal: Sell
Current Market Cap: CHF496.1M
See more insights into PKTM stock on TipRanks’ Stock Analysis page.