November 10, 2019 at 6:59 pm

Brokerages Set Rheinmetall AG (ETR:RHM) Price Target at €110.57

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Shares of Rheinmetall AG (ETR:RHM) have earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is €113.91 ($132.45).

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RHM has been the subject of a number of recent research reports. Warburg Research set a €114.00 ($132.56) price target on shares of Rheinmetall and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank set a €115.00 ($133.72) price target on shares of Rheinmetall and gave the stock a “neutral” rating in a research report on Friday. UBS Group set a €128.00 ($148.84) price target on shares of Rheinmetall and gave the stock a “buy” rating in a research report on Wednesday. Independent Research set a €115.00 ($133.72) price target on shares of Rheinmetall and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Nord/LB set a €122.00 ($141.86) price target on shares of Rheinmetall and gave the stock a “buy” rating in a research report on Monday, August 5th.

Shares of Rheinmetall stock traded down €7.80 ($9.07) during midday trading on Thursday, hitting €104.75 ($121.80). The company had a trading volume of 545,675 shares, compared to its average volume of 160,244. Rheinmetall has a 12-month low of €73.12 ($85.02) and a 12-month high of €118.60 ($137.91). The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 50.61. The stock has a market cap of $4.84 billion and a price-to-earnings ratio of 13.51. The company has a fifty day simple moving average of €111.52 and a 200 day simple moving average of €106.40.

About Rheinmetall

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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