Source:dpa
MTU shares reached a new record of almost 396 euros in the first few minutes of trading on Thursday. The shares of the engine manufacturer thus extended their annual gain to around 23 percent following good quarterly figures.
They are thus keeping pace with the DAX . After reaching a record high in early trading, MTU gave back most of its gains and was last up one percent.
Analyst David Perry from JPMorgan attested to very strong results. The market consensus does not yet seem to have priced in the recently increased annual targets following the Paris Air Show. Perry believes that the operating profit consensus still needs to be increased by 5 to 10 percent.
According to Chloe Lemarie from Jefferies, even the current annual targets still have room for improvement following the significant profit surprise in the second quarter.