UBS AG set a €105.00 ($123.53) target price on Rheinmetall AG (ETR:RHM) in a report issued on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Other research analysts also recently issued reports about the stock. S&P Global set a €100.00 ($117.65) price target on shares of Rheinmetall AG and gave the stock a buy rating in a research report on Thursday, August 3rd. Commerzbank Ag set a €105.00 ($123.53) price target on shares of Rheinmetall AG and gave the stock a buy rating in a research report on Thursday, August 3rd. equinet AG set a €107.00 ($125.88) price target on shares of Rheinmetall AG and gave the stock a buy rating in a research report on Monday, October 9th. DZ Bank AG restated a buy rating on shares of Rheinmetall AG in a research report on Tuesday, August 29th. Finally, Nord/LB set a €100.00 ($117.65) price target on shares of Rheinmetall AG and gave the stock a buy rating in a research report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of €96.50 ($113.53).
Shares of Rheinmetall AG (ETR RHM) opened at 98.913 on Tuesday. The company has a 50-day moving average of €93.79 and a 200-day moving average of €87.55. Rheinmetall AG has a 12 month low of €60.55 and a 12 month high of €99.37. The stock has a market capitalization of €4.21 billion and a PE ratio of 19.834.
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About Rheinmetall AG
Rheinmetall AG provides automotive components and defense equipment in Germany and internationally. The companys 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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