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MTU Aero Engines (ETR:MTX) target price raised to 120.00EUR, issued a report today by Commerzbank AG

Yesterday MTU Aero Engines (ETR:MTX) traded -0.38% lower at 94.99EUR. 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 target price raised to 120.00EUR by Commerzbank AG in a report released 10/17/2016. The new target price indicates a possible upside of 0.26% based on the company's last stock close price.

Previously on 10/16/2016, Commerzbank AG reported about MTU Aero Engines (ETR:MTX) raised the target price from 0.00EUR to 120.00EUR. At the time, this indicated a possible upside of 0.26%.

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 The company’s market cap is currently 0 EUR.

Also covering MTU Aero Engines's target, a total of 4 equity analysts have released a research note on MTX. The one year target price is 69.25EUR with 0 brokerages rating the stock a strong buy, 4 brokers rating the company a buy, one brokerage rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.

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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