Rheinmetall (ETR:RHM) PT Set at €115.00 by Deutsche Bank
Deutsche Bank set a €115.00 ($133.72) price target on Rheinmetall (ETR:RHM) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
RHM has been the subject of a number of other research reports. Nord/LB set a €53.00 ($61.63) target price on Lanxess and gave the stock a neutral rating in a report on Tuesday, May 21st. Oddo Bhf set a CHF 18 price target on ABB and gave the stock a sell rating in a research report on Friday, June 14th. UBS Group upped their price target on Zayo Group from $30.00 to $35.00 and gave the stock a neutral rating in a research report on Thursday, May 9th. HSBC set a $122.00 price target on Tiffany & Co. and gave the stock a buy rating in a research report on Friday, June 14th. Finally, Independent Research set a €152.00 ($176.74) price target on Continental and gave the stock a neutral rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of €109.07 ($126.83).
Rheinmetall stock traded down €0.55 ($0.64) during mid-day trading on Wednesday, reaching €103.30 ($120.12). 194,079 shares of the company were exchanged, compared to its average volume of 160,244. The firm’s fifty day moving average is €102.88. The company has a debt-to-equity ratio of 38.88, a quick ratio of 0.86 and a current ratio of 1.48. The firm has a market cap of $4.43 billion and a price-to-earnings ratio of 14.14. Rheinmetall has a 12-month low of €68.94 ($80.16) and a 12-month high of €110.85 ($128.90).
Rheinmetall AG manufactures and supplies 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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