Independent Research Reiterates €100.00 Price Target for Rheinmetall (RHM)
A number of other equities analysts also recently issued reports on RHM. Nord/LB set a €130.00 ($151.16) price objective on Rheinmetall and gave the stock a buy rating in a research report on Wednesday, May 23rd. DZ Bank restated a buy rating on shares of Rheinmetall in a research report on Tuesday, August 28th. Berenberg Bank set a €130.00 ($151.16) price objective on Rheinmetall and gave the stock a buy rating in a research report on Thursday, May 17th. UBS Group set a €130.00 ($151.16) price objective on Rheinmetall and gave the stock a buy rating in a research report on Monday, August 20th. Finally, Kepler Capital Markets set a €121.00 ($140.70) price objective on Rheinmetall and gave the stock a buy rating in a research report on Friday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of €115.06 ($133.79).
Rheinmetall stock opened at €87.36 ($101.58) on Monday. Rheinmetall has a 12 month low of €71.11 ($82.69) and a 12 month high of €116.80 ($135.81).
Rheinmetall Aktiengesellschaft manufactures and supplies 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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