Deutsche Bank set a €115.00 ($133.72) target price on Rheinmetall (ETR:RHM) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
RHM has been the subject of a number of other reports. Nord/LB set a €53.00 ($61.63) price target on Lanxess and gave the company a neutral rating in a report on Tuesday, May 21st. Kepler Capital Markets reissued a hold rating on shares of Continental in a report on Friday, June 28th. Oddo Bhf set a CHF 18 price target on ABB and gave the company a sell rating in a report on Friday, June 14th. Independent Research set a €152.00 ($176.74) price target on Continental and gave the company a neutral rating in a report on Friday, May 10th. Finally, Berenberg Bank reissued a buy rating and issued a GBX 340 ($4.44) price target on shares of Stock Spirits Group in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Rheinmetall presently has an average rating of Buy and an average target price of €109.07 ($126.83).
Shares of ETR:RHM opened at €103.00 ($119.77) on Wednesday. Rheinmetall has a 12-month low of €68.94 ($80.16) and a 12-month high of €110.85 ($128.90). The firm has a market capitalization of $4.42 billion and a P/E ratio of 14.10. The firm has a 50 day moving average of €102.95. The company has a debt-to-equity ratio of 38.88, a current ratio of 1.48 and a quick ratio of 0.86.
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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