Rheinmetall (OTCMKTS:RNMBY) Raised to “Hold” at Zacks Research

Rheinmetall (OTCMKTS:RNMBYGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on RNMBY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Santander upgraded Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Finally, Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Rheinmetall currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on Rheinmetall

Rheinmetall Stock Up 2.2%

Rheinmetall stock opened at $279.68 on Monday. The firm has a market cap of $64.94 billion, a price-to-earnings ratio of 131.31 and a beta of 0.16. Rheinmetall has a 52-week low of $259.76 and a 52-week high of $468.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.20. The firm has a 50 day moving average price of $334.17 and a two-hundred day moving average price of $370.50.

Rheinmetall Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Rheinmetall (OTCMKTS:RNMBY)

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