Rheinmetall (ETR:RHM) has been assigned a €119.00 ($138.37) price objective by Kepler Capital Markets in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ target price points to a potential upside of 43.51% from the company’s current price.
RHM has been the subject of a number of other reports. UBS Group set a €117.00 ($136.05) price target on Rheinmetall and gave the stock a “buy” rating in a report on Thursday, November 8th. Independent Research set a €111.00 ($129.07) price target on Rheinmetall and gave the stock a “neutral” rating in a report on Monday, August 6th. Berenberg Bank set a €98.00 ($113.95) price target on Rheinmetall and gave the stock a “buy” rating in a report on Monday, November 12th. Nord/LB set a €110.00 ($127.91) price target on Rheinmetall and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Rheinmetall in a report on Tuesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of €103.80 ($120.70).
RHM opened at €82.92 ($96.42) on Monday. Rheinmetall has a 12 month low of €71.11 ($82.69) and a 12 month 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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