Rheinmetall (OTCMKTS:RNMBY) Rating Lowered to Hold at Berenberg Bank

Rheinmetall (OTCMKTS:RNMBY) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks reports.

Other analysts also recently issued research reports about the company. Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Finally, Royal Bank Of Canada started coverage on Rheinmetall in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

Shares of OTCMKTS RNMBY opened at $210.00 on Friday. The company has a market cap of $49.00 billion, a P/E ratio of 72.16 and a beta of 0.18. Rheinmetall has a 12 month low of $206.50 and a 12 month high of $450.00. The business’s 50 day moving average is $246.09 and its two-hundred day moving average is $272.28. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Rheinmetall Company Profile

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.