A statement released earlier today by Commerzbank AG about MTU Aero Engines (ETR:MTX) bumps the target price to 120.00EUR
- Updated: October 15, 2016
Boasting a price of 94.99EUR, MTU Aero Engines (ETR:MTX) traded -0.38% lower on the day. With the last stock price close up 7.72% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MTU Aero Engines has recorded a 50-day average of 68.48EUR and a two hundred day average of 62.74EUR. Volume of trade was down over the average, with 124,346 shares of MTX changing hands under the typical 171,168
Commerzbank AG bumped up the target of MTU Aero Engines (ETR:MTX) to 120.00EUR stating a potential upside of 0.26%.
On 10/15/2016, Commerzbank AG released a statement for MTU Aero Engines (ETR:MTX) bumped up the target price from 0.00EUR to 120.00EUR that suggested an upside of 0.26%.
With a total market value of 0 EUR, MTU Aero Engines has price-earnings ratio of 23.38 with a one year low of 35.89EUR and a one year high of 72.54EUR .
A total of 4 equity analysts have released a ratings update on MTX. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 69.25EUR.
Brief Synopsis About MTU Aero Engines (ETR:MTX)
MTU Aero Engines AG, formerly Mtu Aero Engines Holding AG, is a Germany-based holding company engaged in the design, development and manufacture of engine modules and components for the military and commercial aircrafts. The Company also builds complete engines and manufactures industrial gas turbines. The Company divided its business activities into two segments: Original Equipment Manufacturing (OEM), covering the Company's activities related to the design and manufacture of new engines and spare parts for commercial engine business and the military engine business, and Maintenance, Repair and Overhaul (MRO) segment, engaged in the provision of maintenance services, including the repair and overhaul of aircraft engines and industrial gas turbines, organized under MTU Maintenance. The Company's partners include Pratt & Whitney, General Electric, and Rolls-Royce.
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