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PIERER Mobility AG ( (CH:PKTM) ) just unveiled an update.
PIERER Mobility AG has secured a financing package to support the restructuring of KTM AG and its subsidiaries, ensuring that the restructuring plans, which require a quota payment of EUR 600 million, can be fulfilled by the deadline of May 23, 2025. This development is crucial for the company as it stabilizes KTM’s financial position and supports its ongoing operations, potentially strengthening its market position and providing reassurance to stakeholders.
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 operates in the automotive industry, focusing on the production and development of motorcycles and related components. The company is known for its association with KTM, a prominent brand in the motorcycle sector, and is involved in research and development activities to enhance its product offerings.
Average Trading Volume: 12,951
Current Market Cap: CHF557.6M
For detailed information about PKTM stock, go to TipRanks’ Stock Analysis page.