Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) saw strong trading volume on Monday . 116,077 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 78,900 shares.The stock last traded at $223.70 and had previously closed at $226.95.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on RNMBY shares. Zacks Research lowered shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Santander raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on RNMBY
Rheinmetall Stock Down 0.8%
Rheinmetall Company Profile
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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