Rheinmetall (ETR:RHM) received a €122.00 ($150.62) price target from equities researchers at Oddo Bhf in a research note issued to investors on Friday, March 16th. The firm currently has a “buy” rating on the stock. Oddo Bhf’s price objective indicates a potential upside of 5.40% from the stock’s current price.
A number of other research firms also recently issued reports on RHM. Commerzbank set a €105.00 ($129.63) price target on Rheinmetall and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. equinet set a €110.00 ($135.80) price objective on Rheinmetall and gave the company a “buy” rating in a research report on Thursday, March 1st. Independent Research set a €110.00 ($135.80) price objective on Rheinmetall and gave the company a “neutral” rating in a research report on Friday, March 2nd. Cfra set a €120.00 ($148.15) price objective on Rheinmetall and gave the company a “buy” rating in a research report on Friday, March 2nd. Finally, Nord/LB set a €116.00 ($143.21) price objective on Rheinmetall and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of €118.71 ($146.56).
Shares of RHM traded down €0.50 ($0.62) during midday trading on Friday, reaching €115.75 ($142.90). 82,350 shares of the stock were exchanged, compared to its average volume of 160,244. Rheinmetall has a 52 week low of €71.11 ($87.79) and a 52 week high of €116.80 ($144.20).
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Rheinmetall AG provides 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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