Deutsche Bank AG Analysts Give Rheinmetall AG (RHM) a €90.00 Price Target
Rheinmetall AG (ETR:RHM) has been given a €90.00 ($105.88) price objective by stock analysts at Deutsche Bank AG in a research report issued on Friday. The brokerage currently has a “neutral” rating on the stock.
Several other analysts also recently issued reports on the company. HSBC Holdings plc set a €78.00 ($91.76) target price on Rheinmetall AG and gave the company a “neutral” rating in a research note on Friday, June 30th. Commerzbank Ag set a €67.00 ($78.82) target price on Rheinmetall AG and gave the company a “neutral” rating in a research note on Thursday, June 22nd. DZ Bank AG reissued a “buy” rating on shares of Rheinmetall AG in a research note on Tuesday, August 29th. Berenberg Bank set a €98.00 ($115.29) target price on Rheinmetall AG and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, UBS AG set a €105.00 ($123.53) target price on Rheinmetall AG and gave the company a “buy” rating in a research note on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of €96.50 ($113.53).
Shares of Rheinmetall AG (ETR RHM) traded up 2.289% during midday trading on Friday, hitting €98.913. The stock had a trading volume of 725 shares. Rheinmetall AG has a 12 month low of €60.55 and a 12 month high of €99.37. The stock’s 50 day moving average price is €93.79 and its 200 day moving average price is €87.55. The firm has a market cap of €4.21 billion and a price-to-earnings ratio of 19.834.
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About Rheinmetall AG
Rheinmetall AG provides automotive components and defense equipment in Germany and internationally. The companys 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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