HSBC set a €86.00 ($100.00) price target on Rheinmetall (ETR:RHM) in a report issued on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also commented on RHM. Deutsche Bank set a €80.00 ($93.02) price target on Rheinmetall and gave the stock a buy rating in a report on Friday, March 20th. Warburg Research set a €102.00 ($118.60) price target on Rheinmetall and gave the stock a neutral rating in a report on Monday, March 2nd. Goldman Sachs Group set a €125.00 ($145.35) price target on Rheinmetall and gave the stock a buy rating in a report on Monday, March 2nd. DZ Bank reiterated a buy rating on shares of Rheinmetall in a report on Wednesday, January 22nd. Finally, Nord/LB set a €70.00 ($81.40) price target on Rheinmetall and gave the stock a neutral rating in a report on Friday, March 13th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of €93.60 ($108.84).
Shares of RHM stock opened at €63.40 ($73.72) on Monday. Rheinmetall has a 12 month low of €63.94 ($74.35) and a 12 month high of €118.60 ($137.91). The firm has a market cap of $2.73 billion and a PE ratio of 8.71. The stock has a 50 day moving average of €80.34 and a 200-day moving average of €99.39. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 53.02.
Rheinmetall Company Profile
Rheinmetall AG 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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