JP Morgan Chase & Co. announced MTU Aero Engines (ETR:MTX), bumping its target to 102.00EUR earlier today
- Updated: October 16, 2016
Having a price of 94.42EUR, MTU Aero Engines (ETR:MTX) traded -0.38% lower on the day. With the last close up 7.72% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. 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
JP Morgan Chase & Co. raised the price target of MTU Aero Engines (ETR:MTX) to 102.00EUR stating a potential upside of 0.08%.
On 10/11/2016, JP Morgan Chase & Co. released a statement on MTU Aero Engines (ETR:MTX) upped the target price from 0.00EUR to 102.00EUR that suggested an upside of 0.08%.
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MTU Aero Engines has a P/E ratio of 23.38 with a one year low of 35.89EUR and a 52 week high of 72.54EUR MTU Aero Engines’s total market value is presently 0 EUR.
A total of 4 brokerages have released a ratings update on MTX. zero firms rating the stock a strong buy, 4 brokerages rating the stock a buy, 1 analyst rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokers rating the stock a sell with a consensus target price of 69.25EUR.
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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