MTU Aero Engines (MTX) Given a €175.00 Price Target by Nord/LB Analysts
MTU Aero Engines (ETR:MTX) has been given a €175.00 ($208.33) target price by equities researchers at Nord/LB in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Nord/LB’s target price indicates a potential upside of 15.70% from the stock’s previous close.
MTX has been the topic of a number of other research reports. Kepler Capital Markets set a €145.00 ($172.62) price objective on shares of MTU Aero Engines and gave the company a “buy” rating in a research note on Friday, October 6th. Goldman Sachs Group set a €140.00 ($166.67) price objective on shares of MTU Aero Engines and gave the company a “neutral” rating in a research note on Friday, November 10th. equinet set a €137.00 ($163.10) price objective on shares of MTU Aero Engines and gave the company a “neutral” rating in a research note on Monday, October 9th. UBS set a €111.00 ($132.14) price target on shares of MTU Aero Engines and gave the stock a “sell” rating in a research report on Tuesday, August 29th. Finally, Berenberg Bank set a €130.00 ($154.76) price target on shares of MTU Aero Engines and gave the stock a “neutral” rating in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €148.56 ($176.85).
MTU Aero Engines (MTX) traded down €1.00 ($1.19) during midday trading on Wednesday, hitting €151.25 ($180.06). 76,425 shares of the company were exchanged, compared to its average volume of 336,073. MTU Aero Engines has a fifty-two week low of €106.35 ($126.61) and a fifty-two week high of €153.20 ($182.38).
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MTU Aero Engines AG, together with its subsidiaries, designs, develops, manufactures, markets, and supports commercial and military engines, modules, and components in Germany, Europe, North America, Asia, and internationally. It operates through two segments, Original Equipment Manufacturing Business; and Maintenance, Repair and Overhaul Business.
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