Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Given Average Recommendation of “Buy” by Brokerages

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) have earned an average recommendation of “Buy” from the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have recently commented on RNMBY. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Santander raised Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th.

Rheinmetall Stock Down 0.1%

RNMBY opened at $286.79 on Thursday. The business’s 50-day simple moving average is $324.25 and its 200-day simple moving average is $365.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.20. Rheinmetall has a one year low of $259.76 and a one year high of $468.90. The stock has a market capitalization of $66.74 billion, a P/E ratio of 134.64 and a beta of 0.16.

Rheinmetall Company Profile

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.