Shares of Rheinmetall AG (ETR:RHM) have received a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is €97.15 ($114.29).

Several brokerages recently issued reports on RHM. Nord/LB set a €100.00 ($117.65) price objective on shares of Rheinmetall AG and gave the company a “buy” rating in a report on Wednesday, August 16th. equinet AG set a €102.00 ($120.00) price objective on shares of Rheinmetall AG and gave the company a “buy” rating in a report on Tuesday, August 15th. Warburg Research set a €91.50 ($107.65) price objective on shares of Rheinmetall AG and gave the company a “neutral” rating in a report on Tuesday, August 8th. Independent Research GmbH set a €92.00 ($108.24) price objective on shares of Rheinmetall AG and gave the company a “neutral” rating in a report on Monday, August 7th. Finally, Berenberg Bank set a €98.00 ($115.29) price objective on shares of Rheinmetall AG and gave the company a “buy” rating in a report on Friday, August 4th.

Shares of Rheinmetall AG (RHM) opened at 98.70 on Wednesday. Rheinmetall AG has a 1-year low of €60.55 and a 1-year high of €98.70. The stock has a market cap of €4.20 billion and a P/E ratio of 19.79. The company has a 50 day moving average price of €92.56 and a 200 day moving average price of €87.12.

TRADEMARK VIOLATION NOTICE: “Rheinmetall AG (RHM) Receives Consensus Recommendation of “Buy” from Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/18/rheinmetall-ag-rhm-receives-consensus-recommendation-of-buy-from-brokerages.html.

About Rheinmetall AG

Rheinmetall AG provides 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.

Analyst Recommendations for Rheinmetall AG (ETR:RHM)

Receive News & Ratings for Rheinmetall AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rheinmetall AG and related companies with MarketBeat.com's FREE daily email newsletter.