Rheinmetall (OTCMKTS:RNMBY) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank cut shares of Rheinmetall (OTCMKTS:RNMBY) from a strong-buy rating to a hold rating in a report published on Friday,Zacks reports.

Several other equities analysts have also weighed in on the company. Royal Bank Of Canada began coverage on Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Finally, Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 0.6%

OTCMKTS:RNMBY opened at $210.00 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. Rheinmetall has a 12-month low of $206.50 and a 12-month high of $450.00. The stock’s fifty day simple moving average is $246.09 and its 200-day simple moving average is $272.28. The firm has a market capitalization of $49.00 billion, a P/E ratio of 72.16 and a beta of 0.18.

Rheinmetall Company Profile

Rheinmetall AG is a German defense technology company headquartered in Düsseldorf. Founded in 1889, the group develops and manufactures military equipment and systems for armed forces, government agencies and security organizations in Germany and international markets.

Its portfolio includes tracked and wheeled military vehicles, combat vehicles, artillery systems, weapons, ammunition and air-defense technology. Rheinmetall also provides military electronics, sensors, command-and-control systems, simulation and training solutions, as well as protection and reconnaissance technologies.

The company serves customers across Europe and other regions, including NATO member states and partner nations.