Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Given Average Rating of “Buy” by Brokerages

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company.

A number of equities analysts have commented on RNMBY shares. Barclays began coverage on shares of Rheinmetall in a report on Monday, September 8th. They issued an “overweight” rating on the stock. Zacks Research upgraded Rheinmetall to a “hold” rating in a research note on Friday, December 19th. Sanford C. Bernstein upgraded Rheinmetall from a “hold” rating to an “outperform” rating in a research note on Thursday, December 11th. The Goldman Sachs Group started coverage on Rheinmetall in a report on Friday, September 19th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rheinmetall in a research report on Wednesday, October 15th.

Rheinmetall Stock Performance

Shares of OTCMKTS:RNMBY opened at $376.03 on Monday. The company has a 50 day moving average of $374.17 and a two-hundred day moving average of $400.97. Rheinmetall has a 52-week low of $124.57 and a 52-week high of $468.90. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.23.

Rheinmetall (OTCMKTS:RNMBY) last posted its earnings results on Thursday, November 6th. The company reported $0.77 EPS for the quarter. The firm had revenue of $3.25 billion for the quarter.

About Rheinmetall

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.