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MTU Aero Engines (ETR:MTX) target price raised to 102.50EUR, reported today by Warburg Research

Yesterday MTU Aero Engines (ETR:MTX) traded -0.38% lower at 94.19EUR. The company’s 50-day moving average is 68.48EUR and its 200-day moving average is 62.74EUR. The last stock close price is up 7.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 124,346 shares of the stock were exchanged, down from an average trading volume of 171,168

MTU Aero Engines (ETR:MTX) had its price target upped to 102.50EUR by Warburg Research in an issued report issued Thursday October 13, 2016. The updated stock price target implies a potential upside of 0.09% from the company's previous close.

Previously on 10/12/2016, Warburg Research reported about MTU Aero Engines (ETR:MTX) raised the target price from 0.00EUR to 102.50EUR. At the time, this indicated a possible upside of 0.09%.

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 23.38 MTU Aero Engines’s market capitalization is presently 0 EUR.

A total of 4 firms have released a ratings update on MTX. 0 brokers rating the company a strong buy, four brokerages rating the company a buy, one equity analyst rating the company a hold, zero brokers rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of 69.25EUR.

Brief Synopsis On 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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