UBS Group set a €130.00 ($154.76) target price on Rheinmetall (ETR:RHM) in a research report report published on Wednesday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
Several other research firms have also recently weighed in on RHM. Commerzbank set a €105.00 ($125.00) price objective on Rheinmetall and gave the stock a buy rating in a research report on Wednesday, November 22nd. Oddo Bhf set a €122.00 ($145.24) price objective on Rheinmetall and gave the stock a buy rating in a research report on Tuesday, November 7th. DZ Bank reaffirmed a buy rating on shares of Rheinmetall in a research report on Friday, November 10th. equinet set a €107.00 ($127.38) price objective on Rheinmetall and gave the stock a buy rating in a research report on Monday, October 9th. Finally, Nord/LB set a €116.00 ($138.10) price objective on Rheinmetall and gave the stock a buy rating in a research report on Wednesday, November 22nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of €108.73 ($129.44).
Rheinmetall (ETR RHM) traded down €0.55 ($0.65) during trading on Wednesday, hitting €113.45 ($135.06). 168,194 shares of the stock were exchanged, compared to its average volume of 117,621. The company has a market cap of $4,940.00 and a P/E ratio of 23.15. Rheinmetall has a 12-month low of €63.96 ($76.14) and a 12-month high of €114.60 ($136.43).
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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