Rheinmetall AG (RHM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Rheinmetall AG (ETR:RHM) have earned an average rating of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is €109.79 ($127.66).

Several analysts have commented on the stock. Warburg Research set a €113.00 ($131.40) target price on shares of Rheinmetall and gave the stock a “buy” rating in a report on Friday, May 10th. Deutsche Bank set a €115.00 ($133.72) target price on shares of Rheinmetall and gave the stock a “buy” rating in a report on Friday, May 10th. Independent Research set a €108.00 ($125.58) target price on shares of Rheinmetall and gave the stock a “neutral” rating in a report on Friday, May 10th. Oddo Bhf set a €105.00 ($122.09) target price on shares of Rheinmetall and gave the stock a “neutral” rating in a report on Friday, May 10th. Finally, Kepler Capital Markets set a €111.00 ($129.07) target price on shares of Rheinmetall and gave the stock a “buy” rating in a report on Friday, March 1st.

RHM stock traded down €2.99 ($3.48) during mid-day trading on Thursday, hitting €99.56 ($115.77). 105,424 shares of the company were exchanged, compared to its average volume of 160,244. The company has a debt-to-equity ratio of 38.88, a quick ratio of 0.86 and a current ratio of 1.48. The company has a market capitalization of $4.26 billion and a P/E ratio of 13.63. Rheinmetall has a 1-year low of €68.94 ($80.16) and a 1-year high of €115.75 ($134.59).

Rheinmetall Company Profile

Rheinmetall AG 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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Analyst Recommendations for Rheinmetall (ETR:RHM)

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