MTU Aero Engines (ETR:MTX) Rating Upgrade
In a report shared with investors on Thursday, 11 February, Warburg Research has upped Mtu Aero Engines (ETR:MTX) stock to Buy and has set a 12month PT at EUR 105.00. Warburg Research’s target is 39.07 % from MTX’s last price.
Out of 26 analysts covering Mtu Aero Engines, 10 rate it a Buy, 10 indicate a Hold while 7 suggest a Sell. The highest target is EUR 135.51 and the lowest is EUR 75.66 according to Thomson/First Call. The 12-month mean target is EUR 103.14, which means upside potential of 32.47% over the current price.
ETR:MTX Price Chart & Trend
The stock price of MTU Aero Engines has declined 13.93% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, MTU Aero Engines is down 18.7% and down 2.94%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
MTU Aero Engines (ETR:MTX) Profile
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.
MTU Aero Engines (ETR:MTX) traded up 3.13% on 11 February, hitting EUR 77.86. A total of 196,808 shares of the company’s stock traded hands. This is down from average of 203,004 shares. MTU Aero Engines has a 52 week low of EUR 73.02 and a 52 week high of EUR 97.43. The company has a market cap of 4.05B EUR and a P/E ratio of 18.63.
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