Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) were down 3.6% on Tuesday . The company traded as low as $248.27 and last traded at $248.88. Approximately 54,071 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 49,076 shares. The stock had previously closed at $258.24.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada initiated coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Finally, Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Rheinmetall has an average rating of “Moderate Buy”.
Check Out Our Latest Report on RNMBY
Rheinmetall Stock Down 1.6%
About Rheinmetall
Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
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