Rheinmetall (ETR:RHM) received a €130.00 ($151.16) target price from stock analysts at Nord/LB in a research report issued on Wednesday, May 23rd. The brokerage currently has a “buy” rating on the stock. Nord/LB’s price objective would indicate a potential upside of 18.56% from the company’s previous close.
Several other brokerages also recently commented on RHM. equinet set a €110.00 ($127.91) price objective on shares of Rheinmetall and gave the company a “buy” rating in a research report on Thursday, March 1st. UBS Group set a €130.00 ($151.16) price target on shares of Rheinmetall and gave the company a “buy” rating in a report on Friday, March 16th. Commerzbank set a €135.00 ($156.98) price target on shares of Rheinmetall and gave the company a “buy” rating in a report on Monday, April 23rd. Independent Research set a €110.00 ($127.91) price target on shares of Rheinmetall and gave the company a “neutral” rating in a report on Friday, March 2nd. Finally, Cfra set a €120.00 ($139.53) price target on shares of Rheinmetall and gave the company a “buy” rating in a report on Friday, March 2nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of €119.79 ($139.29).
Shares of RHM stock traded down €1.25 ($1.45) on Wednesday, hitting €109.65 ($127.50). 181,764 shares of the stock traded hands, compared to its average volume of 160,244. Rheinmetall has a 52 week low of €71.11 ($82.69) and a 52 week 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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