Rheinmetall (ETR:RHM)‘s stock had its “buy” rating reiterated by investment analysts at DZ Bank in a report issued on Wednesday, Borsen Zeitung reports.
RHM has been the topic of several other reports. Deutsche Bank set a €105.00 ($122.09) price target on Rheinmetall and gave the company a “neutral” rating in a research note on Friday, November 22nd. Nord/LB set a €122.00 ($141.86) target price on Rheinmetall and gave the stock a “buy” rating in a report on Tuesday, November 19th. Goldman Sachs Group set a €128.00 ($148.84) target price on Rheinmetall and gave the stock a “buy” rating in a report on Friday, January 17th. Oddo Bhf set a €87.00 ($101.16) price objective on Rheinmetall and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Berenberg Bank set a €110.00 ($127.91) price objective on Rheinmetall and gave the stock a “neutral” rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of €110.10 ($128.02).
Shares of Rheinmetall stock traded down €2.80 ($3.26) during midday trading on Wednesday, hitting €104.35 ($121.34). The company’s stock had a trading volume of 52,245 shares, compared to its average volume of 160,244. The firm has a market capitalization of $4.53 billion and a P/E ratio of 14.34. Rheinmetall has a 1-year low of €83.06 ($96.58) and a 1-year high of €118.60 ($137.91). The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 53.02. The stock has a 50-day simple moving average of €101.86 and a 200-day simple moving average of €106.02.
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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