Rheinmetall (ETR:RHM) has been assigned a €111.00 ($129.07) price objective by Kepler Capital Markets in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ price target points to a potential upside of 36.53% from the company’s previous close.
Several other equities analysts have also issued reports on RHM. HSBC set a €101.00 ($117.44) target price on shares of Rheinmetall and gave the company a “buy” rating in a report on Wednesday, December 5th. UBS Group set a €117.00 ($136.05) price objective on shares of Rheinmetall and gave the stock a “buy” rating in a report on Thursday, November 8th. Berenberg Bank set a €98.00 ($113.95) price objective on shares of Rheinmetall and gave the stock a “buy” rating in a report on Monday, November 12th. Oddo Bhf set a €80.00 ($93.02) price objective on shares of Rheinmetall and gave the stock a “neutral” rating in a report on Monday, December 3rd. Finally, Warburg Research set a €107.00 ($124.42) price objective on shares of Rheinmetall and gave the stock a “buy” rating in a report on Tuesday, December 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of €102.64 ($119.35).
Shares of RHM opened at €81.30 ($94.53) on Friday. Rheinmetall has a one year low of €71.11 ($82.69) and a one year high of €116.80 ($135.81).
Rheinmetall Company Profile
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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