Deutsche Bank set a €115.00 ($133.72) target price on Rheinmetall (ETR:RHM) in a report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other analysts also recently commented on the stock. HSBC set a $122.00 price objective on shares of Tiffany & Co. and gave the company a buy rating in a research report on Friday, June 14th. Nord/LB set a €53.00 ($61.63) price objective on shares of Lanxess and gave the company a neutral rating in a research report on Tuesday, May 21st. Berenberg Bank restated a buy rating and set a GBX 340 ($4.44) price objective on shares of Stock Spirits Group in a research report on Tuesday, May 14th. Kepler Capital Markets reiterated a hold rating on shares of Continental in a report on Friday, June 28th. Finally, DZ Bank reiterated a buy rating on shares of Rheinmetall in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of €109.07 ($126.83).
Shares of RHM stock opened at €103.00 ($119.77) on Wednesday. The company has a market cap of $4.42 billion and a P/E ratio of 14.10. Rheinmetall has a one year low of €68.94 ($80.16) and a one year high of €110.85 ($128.90). The company’s fifty day moving average price is €102.95. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 38.88.
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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