Rheinmetall (RHM) Given a €130.00 Price Target at UBS Group
UBS Group set a €130.00 ($160.49) price objective on Rheinmetall (ETR:RHM) in a report released on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also commented on the company. Oddo Bhf set a €122.00 ($150.62) price objective on Rheinmetall and gave the company a buy rating in a research note on Wednesday, November 22nd. Independent Research set a €111.00 ($137.04) price target on Rheinmetall and gave the stock a neutral rating in a research note on Tuesday, November 28th. S&P Global set a €120.00 ($148.15) price target on Rheinmetall and gave the stock a buy rating in a research note on Tuesday, November 7th. Kepler Capital Markets set a €108.00 ($133.33) price target on Rheinmetall and gave the stock a neutral rating in a research note on Thursday, November 23rd. Finally, Citigroup set a €112.00 ($138.27) price target on Rheinmetall and gave the stock a neutral rating in a research note on Tuesday, December 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of €116.14 ($143.39).
Shares of Rheinmetall (ETR RHM) opened at €103.60 ($127.90) on Thursday. The company has a market capitalization of $4,470.00 and a price-to-earnings ratio of 21.14. Rheinmetall has a 52 week low of €71.11 ($87.79) and a 52 week high of €116.80 ($144.20).
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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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