Rheinmetall (ETR:RHM) has been assigned a €115.00 ($133.72) target price by stock analysts at Deutsche Bank in a note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 8.03% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. UBS Group set a €128.00 ($148.84) target price on Rheinmetall and gave the company a “buy” rating in a report on Wednesday. Kepler Capital Markets set a €120.00 ($139.53) target price on Rheinmetall and gave the company a “neutral” rating in a report on Thursday. DZ Bank reiterated a “neutral” rating on shares of Rheinmetall in a report on Monday, September 9th. Nord/LB set a €122.00 ($141.86) target price on Rheinmetall and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Independent Research set a €115.00 ($133.72) target price on Rheinmetall and gave the company a “neutral” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €110.57 ($128.57).
ETR:RHM traded down €6.10 ($7.09) during trading hours on Friday, reaching €106.45 ($123.78). 312,978 shares of the company traded hands, compared to its average volume of 160,244. The firm’s 50-day moving average is €111.78 and its 200-day moving average is €106.38. The stock has a market cap of $4.84 billion and a P/E ratio of 13.73. The company has a debt-to-equity ratio of 50.61, a current ratio of 1.41 and a quick ratio of 0.79. Rheinmetall has a 1-year low of €73.12 ($85.02) and a 1-year high of €118.60 ($137.91).
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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