Rheinmetall (ETR:RHM) received a €130.00 ($151.16) target price from Societe Generale in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Societe Generale’s target price would indicate a potential upside of 47.73% from the stock’s previous close.
Several other research firms have also recently weighed in on RHM. UBS Group set a €130.00 ($151.16) price objective on Rheinmetall and gave the company a “buy” rating in a research report on Thursday, July 26th. Oddo Bhf set a €115.00 ($133.72) price objective on Rheinmetall and gave the company a “neutral” rating in a research report on Monday, August 6th. Warburg Research set a €117.00 ($136.05) target price on Rheinmetall and gave the stock a “buy” rating in a research report on Monday, August 6th. Commerzbank set a €130.00 ($151.16) target price on Rheinmetall and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Finally, equinet set a €103.00 ($119.77) target price on Rheinmetall and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Eight equities research 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 price target of €115.06 ($133.79).
RHM opened at €88.00 ($102.33) on Friday. Rheinmetall has a 1-year low of €71.11 ($82.69) and a 1-year high of €116.80 ($135.81).
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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