RBC keeps EUR 365 target for MTU Aero Engines stock

Published on 10/13/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 13.00 percent to EUR 4.7 billion. MTU Aero Engines stock stood at EUR 351.10 on October 13, 2026 versus EUR 350.70.

RBC kept a EUR 365.00 target and Sector Perform rating for MTU on October 9, 2026.
First-half 2026 revenue rose 13.00 percent to EUR 4.7 billion and adjusted EBIT reached EUR 692.0 million.
MTU stock was trading at EUR 351.10 at Lang & Schwarz on October 13, 2026, plus 0.11 percent versus the Xetra close of EUR 350.70.
MTU will report third-quarter 2026 results on October 29, 2026, followed by its capital markets day on November 30, 2026.

Aquarellmalerei der Münchner Skyline mit Frauenkirche und Alpen — Aquarell-Illustration der Münchner Skyline symbolisiert Firmensitz von MTU Aero Engines AG DE000A0D9PT0, Illustration mit AI erstellt.

MTU Aero Engines (ISIN DE000A0D9PT0) was trading at EUR 351.10 at Lang & Schwarz on October 13, 2026, up 0.11 percent versus the Xetra close of EUR 350.70. RBC kept a Sector Perform rating and a EUR 365.00 target for the stock on October 9, 2026, according to FinanzNachrichten.

Three milestones shape the setup

On July 30, 2026, MTU reported first-half revenue of EUR 4.7 billion, up 13.00 percent, while adjusted EBIT rose 5.00 percent to EUR 692.0 million, according to Yahoo Finance.

On October 6, 2026, Deutsche Bank Research raised its target from EUR 435.00 to EUR 457.00 and kept its Buy rating, as FinanzNachrichten reported.

On October 9, 2026, RBC kept its Sector Perform rating and EUR 365.00 target, the latest dated analyst action in this review, according to FinanzNachrichten.

What does cash generation mean?

Free cash flow reached EUR 294.0 million in the first half of 2026, an increase of 39.00 percent from the prior-year period. MTU responded by raising full-year cash conversion guidance to 50.00-60.00 percent from 45.00-55.00 percent, giving the stock a measurable operating counterweight to the cautious RBC stance, according to Yahoo Finance.

The cash story is concentrated in maintenance, repair and overhaul activity. Commercial MRO revenue increased 24.00 percent to nearly EUR 3.4 billion in the first half of 2026, while adjusted EBIT rose 13.00 percent to EUR 271.0 million, according to the same transcript source.

For the share valuation, the EUR 365.00 RBC target sits 3.96 percent above the EUR 351.10 Lang & Schwarz price. Deutsche Bank's EUR 457.00 target is materially higher, but its October 6, 2026 view is more constructive than the latest RBC stance.

Results date comes first

MTU is scheduled to present third-quarter 2026 results on October 29, 2026, according to Head Topics. The company is also due to hold its capital markets day on November 30, 2026, a date cited by Investing.com.

MTU stock holds above EUR 350

At 10:14 a.m. CEST on October 13, 2026, MTU was trading at EUR 351.10 at Lang & Schwarz, plus 0.11 percent versus the Xetra close of October 12, 2026 at EUR 350.70. The primary Xetra listing showed a 52-week range of EUR 265.20 to EUR 404.80 and a market capitalization of EUR 18.9 billion as of October 13, 2026.

The further course of trading is shown by the continuously updated real-time quote of MTU stock.