Rheinmetall (ETR:RHM) has been given a €120.00 ($142.86) price objective by Commerzbank in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Commerzbank’s price target would indicate a potential upside of 7.62% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Oddo Bhf set a €122.00 ($145.24) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. equinet set a €110.00 ($130.95) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. UBS Group set a €105.00 ($125.00) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Citigroup set a €112.00 ($133.33) target price on shares of Rheinmetall and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. Finally, DZ Bank restated a “buy” rating on shares of Rheinmetall in a research note on Friday, November 10th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of €109.88 ($130.82).
Shares of Rheinmetall (ETR RHM) opened at €111.50 ($132.74) on Friday. The stock has a market cap of $4,860.00 and a PE ratio of 22.76. Rheinmetall has a 12 month low of €63.96 ($76.14) and a 12 month high of €115.45 ($137.44).
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Rheinmetall Company Profile
Rheinmetall AG provides automotive components and defense equipment in Germany and internationally. The companys 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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