Rheinmetall (RHM) Given a €130.00 Price Target by UBS Group Analysts
UBS Group set a €130.00 ($154.76) price objective on Rheinmetall (ETR:RHM) in a report issued on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Several other analysts also recently issued reports on RHM. equinet set a €107.00 ($127.38) price target on shares of Rheinmetall and gave the company a buy rating in a research report on Monday, October 9th. Deutsche Bank set a €90.00 ($107.14) price objective on shares of Rheinmetall and gave the stock a neutral rating in a report on Friday, October 20th. Commerzbank set a €105.00 ($125.00) price objective on shares of Rheinmetall and gave the stock a buy rating in a report on Tuesday, November 7th. S&P Global set a €120.00 ($142.86) price objective on shares of Rheinmetall and gave the stock a buy rating in a report on Tuesday, November 7th. Finally, Oddo Bhf set a €122.00 ($145.24) price objective on shares of Rheinmetall and gave the stock a buy rating in a report on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Rheinmetall presently has an average rating of Buy and a consensus target price of €109.88 ($130.82).
Rheinmetall (RHM) traded down €0.35 ($0.42) during midday trading on Tuesday, reaching €111.15 ($132.32). 175,136 shares of the company traded hands, compared to its average volume of 123,950. Rheinmetall has a twelve month low of €64.09 ($76.30) and a twelve month high of €114.80 ($136.67). The firm has a market cap of $4,860.00 and a P/E ratio of 22.68.
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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.
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