HSBC set a €86.00 ($100.00) price objective on Rheinmetall (ETR:RHM) in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also issued reports on the company. Goldman Sachs Group set a €125.00 ($145.35) price target on Rheinmetall and gave the company a buy rating in a research note on Monday, March 2nd. UBS Group set a €121.00 ($140.70) price target on Rheinmetall and gave the company a buy rating in a research note on Thursday, March 19th. Warburg Research set a €102.00 ($118.60) target price on Rheinmetall and gave the company a neutral rating in a research note on Monday, March 2nd. Deutsche Bank set a €80.00 ($93.02) target price on Rheinmetall and gave the company a buy rating in a research note on Friday, March 20th. Finally, Kepler Capital Markets set a €105.00 ($122.09) target price on Rheinmetall and gave the company a neutral rating in a research note on Thursday, March 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of €93.60 ($108.84).
Shares of RHM opened at €63.40 ($73.72) on Monday. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 53.02. Rheinmetall has a 12-month low of €63.94 ($74.35) and a 12-month high of €118.60 ($137.91). The firm has a market capitalization of $2.73 billion and a PE ratio of 8.71. The stock’s fifty day simple moving average is €80.34 and its 200-day simple moving average is €99.39.
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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