Zacks Research downgraded shares of Rheinmetall (OTCMKTS:RNMBY – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday,Zacks.com reports.
Several other research firms have also weighed in on RNMBY. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Santander raised Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Finally, Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rheinmetall presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Rheinmetall
Rheinmetall Stock Performance
About Rheinmetall
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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