Joh. Berenberg Gossler & Co. KG announced MTU Aero Engines (ETR:MTX), bumping up its stock price target to 99.00EUR today
- Updated: October 10, 2016
In a report released on Monday October 10, 2016 Joh. Berenberg Gossler & Co. KG increased the stock price target of MTU Aero Engines (ETR:MTX) to 99.00EUR reporting a possible upside of 0.06%.
Previously on 09/28/2016, Deutsche Bank AG released a statement about MTU Aero Engines (ETR:MTX) increased the target price from 0.00EUR to 77.00EUR. At the time, this indicated a possible downside of -0.13%.
Yesterday MTU Aero Engines (ETR:MTX) traded 1.15% higher at 93.79EUR. MTX’s 50-day average is 68.80EUR and its two hundred day average is 62.30EUR. The last closing price is up 11.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 155,822 shares of MTX changing hands under the typical 172,455
With a total market value of 0 EUR, MTU Aero Engines has price-earnings ratio of 24.01 with a one year low of 35.89EUR and a one year high of 72.54EUR .
A total of 4 brokers have issued a research note on the company. 0 firms rating the stock a strong buy, 4 firms rating the company a buy, one brokerage rating the stock a hold, zero analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average 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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