MTU Aero Engines (ETR:MTX) target price raised to 120.00EUR, reported today by Commerzbank AG
- Updated: October 14, 2016
Just yesterday MTU Aero Engines (ETR:MTX) traded -0.38% lower at 94.99EUR. MTU Aero Engines’s 50-day moving average is 68.48EUR and its 200-day moving average is 62.74EUR. The last closing price is up 7.72% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 124,346 shares of MTX traded hands, down from an average trading volume of 171,168
MTU Aero Engines (ETR:MTX) had its price target upped to 120.00EUR by Commerzbank AG in a report issued 10/15/2016. The bumped up target indicates a possible upside of 0.26% from the company's previous closing price.
Previously on 10/14/2016, Commerzbank AG reported on MTU Aero Engines (ETR:MTX) increased the target price from 0.00EUR to 120.00EUR. At the time, this indicated a possible upside of 0.26%.
Recent Performance Chart
MTU Aero Engines has one year low of 35.89EUR and a one year high of 72.54EUR with a PE ratio of 23.38 and has a total market value of 0 EUR.
A total of 4 equity analysts have released a ratings update on MTX. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 69.25EUR.
Brief Synopsis 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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