Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $253.99, but opened at $241.10. Rheinmetall shares last traded at $242.96, with a volume of 13,048 shares traded.
Analysts Set New Price Targets
RNMBY has been the subject of several recent analyst reports. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Santander raised Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Rheinmetall currently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on RNMBY
Rheinmetall Price Performance
Rheinmetall Company Profile
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.
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