Berenberg Bank Reiterates €125.00 Price Target for Rheinmetall (RHM)
Rheinmetall (ETR:RHM) has been given a €125.00 ($154.32) price target by equities researchers at Berenberg Bank in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 14.84% from the company’s current price.
Several other analysts have also recently weighed in on the company. UBS Group set a €105.00 ($129.63) price target on Rheinmetall and gave the stock a “buy” rating in a report on Thursday, November 23rd. Oddo Bhf set a €122.00 ($150.62) price target on Rheinmetall and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Independent Research set a €111.00 ($137.04) price target on Rheinmetall and gave the stock a “neutral” rating in a report on Tuesday, November 28th. S&P Global set a €120.00 ($148.15) price target on Rheinmetall and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, Kepler Capital Markets set a €108.00 ($133.33) price target on Rheinmetall and gave the stock a “neutral” rating in a report on Thursday, November 23rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of €114.35 ($141.17).
Shares of Rheinmetall (RHM) opened at €108.85 ($134.38) on Monday. The firm has a market capitalization of $4,620.00 and a PE ratio of 22.21. Rheinmetall has a twelve month low of €66.59 ($82.21) and a twelve month high of €116.50 ($143.83).
Rheinmetall AG provides 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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