DZ Bank reaffirmed their neutral rating on shares of Rheinmetall (ETR:RHM) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports.
RHM has been the topic of several other research reports. Nord/LB set a €53.00 ($61.63) price target on shares of Lanxess and gave the stock a neutral rating in a report on Tuesday, May 21st. Warburg Research set a €47.00 ($54.65) price target on shares of 1&1 Drillisch and gave the stock a buy rating in a report on Tuesday, July 2nd. UBS Group decreased their price target on shares of Wells Fargo & Co from $53.00 to $51.00 and set a buy rating on the stock in a report on Wednesday. Berenberg Bank reaffirmed a buy rating and issued a GBX 340 ($4.44) price target on shares of Stock Spirits Group in a report on Tuesday, May 14th. Finally, Deutsche Bank set a $28.00 price target on shares of Colfax and gave the stock a hold rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Rheinmetall presently has an average rating of Hold and a consensus price target of €109.07 ($126.83).
ETR:RHM opened at €101.55 ($118.08) on Wednesday. The stock has a market capitalization of $4.36 billion and a P/E ratio of 13.90. The stock’s fifty day moving average is €103.51. Rheinmetall has a 1 year low of €68.94 ($80.16) and a 1 year high of €110.85 ($128.90). The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 38.88.
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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