Warburg Research set a €116.00 ($143.21) price objective on Rheinmetall (ETR:RHM) in a research note issued to investors on Wednesday. The firm currently has a neutral rating on the stock.
A number of other brokerages have also commented on RHM. equinet set a €110.00 ($135.80) target price on Rheinmetall and gave the company a buy rating in a research note on Thursday, March 1st. UBS set a €130.00 ($160.49) target price on Rheinmetall and gave the company a buy rating in a research note on Friday, March 16th. Commerzbank set a €135.00 ($166.67) target price on Rheinmetall and gave the company a buy rating in a research note on Thursday, January 18th. Independent Research set a €110.00 ($135.80) target price on Rheinmetall and gave the company a neutral rating in a research note on Friday, March 2nd. Finally, Cfra set a €120.00 ($148.15) target price on Rheinmetall and gave the company a buy rating in a research note on Friday, March 2nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of €118.71 ($146.56).
Shares of ETR RHM opened at €115.75 ($142.90) on Wednesday. Rheinmetall has a one year low of €71.11 ($87.79) and a one year 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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