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MTU Aero Engines (ETR:MTX) stock price target increased to 102.00EUR, issued a research note today by JP Morgan Chase & Co.

In a report released on Tuesday October 11, 2016 JP Morgan Chase & Co. increased the stock price target of MTU Aero Engines (ETR:MTX) to 102.00EUR indicating a possible upside of 0.08%.

Previously on Monday October 10, 2016, Joh. Berenberg Gossler & Co. KG reported on MTU Aero Engines (ETR:MTX) increased the target price from 0.00EUR to 99.00EUR. At the time, this indicated a possible upside of 0.06%.

Yesterday MTU Aero Engines (ETR:MTX) traded -1.79% lower at 94.42EUR. The company’s 50-day moving average is 68.70EUR and its 200-day moving average is 62.56EUR. The last closing price is up 8.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 122,869 shares of the stock traded hands, down from an average trading volume of 172,183

See Chart Below

MTU Aero Engines (ETR:MTX)

MTU Aero Engines has a 52 week low of 35.89EUR and a 52 week high of 72.54EUR with a P/E ratio of 23.58 The company’s market cap is currently 0 EUR.

In addition to JP Morgan Chase & Co. reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is 69.25EUR with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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