It May Be Time to Buy Shares of KUKA (ETR:KU2) as Societe Generale Has Upgraded The Stock

Share

KUKA (ETR:KU2) Stock Upgrade

Frankfurt-listed KUKA (ETR:KU2), was increased by stock analysts at Societe Generale today. Societe Generale increased its rating on the 2.96 billion EUR market capitalized company to a “Buy”, and decided to leave its PT of EUR 99.00 on KU2 shares.

From a total of 12 analysts covering KUKA (ETR:KU2) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 4 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is €99 while the lowest target price is €50. The mean of all analyst targets is €75.91 with a -6.76% below today’s (€81.41) stock price. KUKA was the topic of 26 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on December 1 to “Buy” rating. Deutsche Bank downgraded shares to “Sell” rating and €58 target share price in a report from a November 18. Goldman Sachs maintained KU2 stock in a recent report from November 24 with “Neutral” rating. Bankhaus Lampe downgraded the rating on November 10. Bankhaus Lampe has a “Sell” rating and a €60 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 13.

The stock increased 0.75% or EUR 0.61 on December 4, striking EUR 81.41. Approximately 102,187 shares of stock traded hands or 6.14% up from the average. KUKA AG (ETR:KU2) has risen 16.19% since May 8, 2015 and is uptrending. It has outperformed by 18.98% the S&P500.

 It May Be Time to Buy Shares of KUKA (ETR:KU2) as Societe Generale Has Upgraded The Stock

Kuka AG is a Germany-based company focused on automating manufacturing process using robots, and holding firm of the KUKA Group. The company has a market cap of 2.96 billion EUR. The Company’s business model comprises a Systems division and a Robotics division. It has 34.23 P/E ratio. The Robotics division supplies industrial robots including the lightweight robot researched and developed by the independently operating KUKA Laboratories within the Advanced Robotics section.

COMMENTS: