Rheinmetall (ETR:RHM) received a €90.00 ($104.65) target price from equities researchers at Independent Research in a report issued on Monday, November 12th. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective suggests a potential upside of 16.13% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Warburg Research set a €117.00 ($136.05) price objective on Rheinmetall and gave the company a “buy” rating in a research note on Monday, August 6th. Cfra set a €110.00 ($127.91) target price on Rheinmetall and gave the stock a “neutral” rating in a research report on Friday, August 3rd. Kepler Capital Markets set a €121.00 ($140.70) target price on Rheinmetall and gave the stock a “buy” rating in a research report on Friday, August 3rd. Societe Generale set a €130.00 ($151.16) target price on Rheinmetall and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, UBS Group set a €130.00 ($151.16) target price on Rheinmetall and gave the stock a “buy” rating in a research report on Monday, August 20th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Rheinmetall presently has a consensus rating of “Buy” and a consensus price target of €103.80 ($120.70).
Rheinmetall stock traded up €0.54 ($0.63) during trading on Monday, hitting €77.50 ($90.12). The stock had a trading volume of 234,432 shares, compared to its average volume of 160,244. Rheinmetall has a 1 year low of €71.11 ($82.69) and a 1 year high of €116.80 ($135.81).
Rheinmetall Company Profile
Rheinmetall Aktiengesellschaft manufactures and supplies automotive components and defense equipment in Germany and internationally. The company's automotive products include mechatronics, such as cutting emissions, actuators, and solenoid valves, as well as water, oil, and vacuum pumps; hardparts, including pistons, engine blocks, structural components and cylinder heads, plain bearings, and bushes; and replacement parts.
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