The underlying tendency is to the upside for shares in MTU Aero Engines and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated. Investors have an opportunity to buy the stock and target the € 197.3.
In a short-term perspective, the company has interesting fundamentals.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 164.6 support.
The group's high margin levels account for strong profits.
For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 160.5 EUR
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The firm trades with high earnings multiples: 21.82 times its 2018 earnings per share.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
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