Rheinmetall (ETR:RHM) has been assigned a €120.00 ($139.53) target price by equities researchers at Kepler Capital Markets in a research note issued to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Kepler Capital Markets’ price objective would suggest a potential upside of 4.94% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. UBS Group set a €128.00 ($148.84) price target on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Wednesday. Nord/LB set a €122.00 ($141.86) price target on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Monday, August 5th. DZ Bank reaffirmed a “neutral” rating on shares of Rheinmetall in a research note on Monday, September 9th. Deutsche Bank set a €115.00 ($133.72) price target on shares of Rheinmetall and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Berenberg Bank set a €112.00 ($130.23) price target on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €110.50 ($128.49).
ETR:RHM opened at €114.35 ($132.97) on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 50.61. Rheinmetall has a fifty-two week low of €73.12 ($85.02) and a fifty-two week high of €118.60 ($137.91). The stock has a market cap of $5.01 billion and a PE ratio of 14.75. The firm’s fifty day simple moving average is €111.88 and its 200-day simple moving average is €106.33.
Rheinmetall Company Profile
Rheinmetall AG 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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