KUKA (ETR:KU2) Receives a Lower Rating From Kepler Cheuvreux. Will This be Detrimental to the Share Price?


KUKA (ETR:KU2) Receives a Downgrade

This morning KUKA (ETR:KU2) has been downgraded by Kepler Cheuvreux to a “Reduce” rating in recent note finalized on Tuesday morning. The firm now has a EUR 60.00 price target 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 -7.57% below today’s (€82.13) stock price. KUKA was the topic of 27 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Societe Generale upgraded shares on December 5 to “Buy” rating. Deutsche Bank downgraded shares to “Sell” rating and €58 target share price in a report from a November 18. Deutsche Bank downgraded KU2 stock in a recent report from November 24 to “Sell” rating. Independent Research maintained the rating on November 13. Independent Research has a “Hold” rating and a €82 price target on shares. Finally, Landesbank downgraded the stock to “Sell” rating in a report issued on a November 21.

The stock increased 0.37% or EUR 0.3 on December 14, striking EUR 82.13. Approximately 123,683 shares of stock traded hands or 28.21% up from the average. KUKA AG (ETR:KU2) has risen 16.19% since May 8, 2015 and is uptrending. It has outperformed by 20.61% the S&P500.

 KUKA (ETR:KU2) Receives a Lower Rating From Kepler Cheuvreux. Will This be Detrimental to the Share Price?

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 3.07 billion EUR. The Company’s business model comprises a Systems division and a Robotics division. It has 34.54 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.