Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $208.8650 and last traded at $209.00, with a volume of 3726 shares. The stock had previously closed at $214.50.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Rheinmetall in a report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Finally, Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
View Our Latest Report on RNMBY
Rheinmetall Stock Up 2.0%
About Rheinmetall
Rheinmetall AG is a German defense technology company headquartered in Düsseldorf. Founded in 1889, the group develops and manufactures military equipment and systems for armed forces, government agencies and security organizations in Germany and international markets.
Its portfolio includes tracked and wheeled military vehicles, combat vehicles, artillery systems, weapons, ammunition and air-defense technology. Rheinmetall also provides military electronics, sensors, command-and-control systems, simulation and training solutions, as well as protection and reconnaissance technologies.
The company serves customers across Europe and other regions, including NATO member states and partner nations.
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