Rheinmetall (ETR:RHM) has been assigned a €80.00 ($93.02) price objective by stock analysts at equinet in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. equinet’s target price points to a potential upside of 1.14% from the stock’s previous close.
A number of other brokerages have also weighed in on RHM. DZ Bank reiterated a “buy” rating on shares of Rheinmetall in a research note on Thursday, July 19th. Oddo Bhf set a €115.00 ($133.72) target price on shares of Rheinmetall and gave the company a “neutral” rating in a research note on Thursday, July 19th. Kepler Capital Markets set a €121.00 ($140.70) target price on shares of Rheinmetall and gave the company a “buy” rating in a research note on Friday, August 3rd. Cfra set a €110.00 ($127.91) price objective on shares of Rheinmetall and gave the company a “neutral” rating in a research report on Friday, August 3rd. Finally, Deutsche Bank set a €106.00 ($123.26) price objective on shares of Rheinmetall and gave the company a “neutral” rating in a research report on Friday, August 3rd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of €108.36 ($126.00).
Shares of RHM opened at €79.10 ($91.98) on Thursday. Rheinmetall has a 1-year low of €71.11 ($82.69) and a 1-year 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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