Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company.

A number of brokerages recently weighed in on RNMBY. Royal Bank Of Canada started coverage on shares of Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st.

Rheinmetall Stock Performance

RNMBY opened at $229.66 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The company has a market cap of $53.59 billion, a price-to-earnings ratio of 78.92 and a beta of 0.17. Rheinmetall has a 52-week low of $211.20 and a 52-week high of $468.90. The firm’s fifty day simple moving average is $252.21 and its two-hundred day simple moving average is $293.70.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology and defense company headquartered in Düsseldorf. Founded in 1889 as Rheinische Metallwaaren- und Maschinenfabrik, the company has evolved from a producer of metal products and armaments into a major supplier of military systems and equipment.

Rheinmetall develops and manufactures armored vehicles, military trucks, weapons, ammunition, air-defense systems, sensors, simulation technologies and command-and-control electronics. Its portfolio includes the Lynx and Boxer military vehicles, the Puma infantry fighting vehicle, the Fuchs transport vehicle, artillery and tank ammunition, and the Skyranger air-defense system.