Rheinmetall (RHM) PT Set at €112.00 by Citigroup
Rheinmetall (ETR:RHM) has been assigned a €112.00 ($133.33) target price by analysts at Citigroup in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 7.90% from the stock’s current price.
Several other brokerages have also recently commented on RHM. UBS set a €105.00 ($125.00) target price on Rheinmetall and gave the stock a “buy” rating in a report on Tuesday, October 17th. equinet set a €107.00 ($127.38) target price on Rheinmetall and gave the stock a “buy” rating in a report on Monday, October 9th. DZ Bank reaffirmed a “buy” rating on shares of Rheinmetall in a research note on Tuesday, August 29th. Nord/LB set a €100.00 ($119.05) target price on Rheinmetall and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Oddo Bhf set a €122.00 ($145.24) price target on Rheinmetall and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of €106.81 ($127.15).
Shares of Rheinmetall (RHM) opened at €103.80 ($123.57) on Tuesday. Rheinmetall has a 1 year low of €62.46 ($74.36) and a 1 year high of €108.63 ($129.32).
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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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