Shares of Rheinmetall AG (OTCMKTS:RNMBY – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $234.75.
Several equities research analysts have recently issued reports on RNMBY shares. The Goldman Sachs Group started coverage on Rheinmetall in a report on Monday, June 13th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut Rheinmetall from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Oddo Bhf upgraded Rheinmetall from a “neutral” rating to an “outperform” rating and set a €235.00 ($239.80) price objective on the stock in a report on Friday, May 13th. Berenberg Bank raised their price objective on Rheinmetall from €215.00 ($219.39) to €240.00 ($244.90) and gave the stock a “buy” rating in a report on Tuesday, May 31st. Finally, Morgan Stanley raised their price objective on Rheinmetall from €211.00 ($215.31) to €213.00 ($217.35) and gave the stock an “equal weight” rating in a report on Thursday, May 12th.
Rheinmetall Trading Down 3.1 %
Shares of OTCMKTS:RNMBY opened at $34.37 on Friday. The business’s fifty day moving average price is $39.51 and its two-hundred day moving average price is $37.86. Rheinmetall has a one year low of $17.56 and a one year high of $47.74.
Rheinmetall Company Profile
Rheinmetall AG provides technologies to the mobility and security sectors worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, support, logistics, and special vehicles, including armored tracked vehicles, CBRN protection systems, turret systems, and wheeled logistics and tactical vehicles.
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