MTU Aero Engines (ETR:MTX) price target upped to 99.00EUR, issued a ratings update earlier today by Joh. Berenberg Gossler & Co. KG
- Updated: October 10, 2016
Having a price of 93.79EUR, MTU Aero Engines (ETR:MTX) traded 1.15% higher on the day. With the last close up 11.38% 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 68.80EUR and a two hundred day average of 62.30EUR. Volume of trade was down over the average, with 155,822 shares of MTX changing hands under the typical 172,455
Stating a potential upside of 0.06%, Joh. Berenberg Gossler & Co. KG upped the price target of MTU Aero Engines (ETR:MTX) to 99.00EUR
On 10/10/2016, Joh. Berenberg Gossler & Co. KG released a statement on MTU Aero Engines (ETR:MTX) upped the target price from 0.00EUR to 99.00EUR that suggested an upside of 0.06%.
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 firms have issued a report on the stock. zero equity analysts rating the company a strong buy, four analysts rating the company a buy, 1 broker rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus price target of 69.25EUR.
More 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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