Goldman Sachs Group Reiterates €208.00 Price Target for MTU Aero Engines (ETR:MTX)
Goldman Sachs Group set a €208.00 ($241.86) target price on MTU Aero Engines (ETR:MTX) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently weighed in on MTX. Nord/LB set a €255.00 ($296.51) target price on MTU Aero Engines and gave the company a buy rating in a report on Friday, August 2nd. UBS Group set a €207.00 ($240.70) price target on MTU Aero Engines and gave the stock a neutral rating in a research note on Thursday, July 25th. Berenberg Bank set a €245.00 ($284.88) price objective on MTU Aero Engines and gave the company a neutral rating in a research report on Friday, August 16th. Pareto Securities set a €185.00 ($215.12) price objective on MTU Aero Engines and gave the company a neutral rating in a research note on Thursday, July 25th. Finally, Commerzbank set a €242.00 ($281.40) price objective on MTU Aero Engines and gave the company a buy rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. MTU Aero Engines currently has an average rating of Hold and a consensus target price of €213.47 ($248.23).
MTX opened at €242.20 ($281.63) on Monday. MTU Aero Engines has a 12 month low of €155.60 ($180.93) and a 12 month high of €257.20 ($299.07). The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 49.71. The business’s 50-day moving average price is €235.45 and its 200-day moving average price is €210.37. The company has a market cap of $12.51 billion and a P/E ratio of 29.90.
MTU Aero Engines AG, together with its subsidiaries, designs, develops, manufactures, markets, and supports commercial and military engines modules, and components in Germany, other European countries, North America, Asia, and internationally. It operates through two segments, Commercial and Military Engine Business; and Commercial Maintenance Business.
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