Rheinmetall (ETR:RHM) Stock Upgrade
In recent note announced on 28 November, equinet AG decided to upgrade shares of Rheinmetall (ETR:RHM) to a “Buy” rating. The firm currently has a respectable EUR 79.00 PT on RHM shares.
From a total of 12 analysts covering Rheinmetall (ETR:RHM) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is €79 while the lowest target price is €50. The mean of all analyst targets is €60.50 with a 1.04% above today’s (€59.88) stock price. Rheinmetall was the topic of 18 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Equinet upgraded shares on November 28 to “Buy” rating. Deutsche Bank maintained shares with “Hold” rating and €55 target share price in a report from a November 7. UBS maintained RHM stock in a recent report from November 14 with “Neutral” rating. Warburg Research upgraded the rating on November 7. Warburg Research has a “Buy” rating and a €66.50 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 7.
The stock decreased 0.07% or EUR 0.04 on November 27, striking EUR 59.88. Approximately 122,861 shares of stock traded hands. Rheinmetall AG (ETR:RHM) has risen 30.05% since April 24, 2015 and is uptrending. It has outperformed by 30.94% the S&P500.
Rheinmetall AG is a Germany-based management holding company, which divides own activities into two sectors. The company has a market cap of 2.61 billion EUR. The Automotive sector, represented by KSPG AG, offers, among others, piston systems, actuators, solenoid valves, oil, water and coolant pumps, large and metallic plain bearings, continuous castings, as well as aftermarket components. It has 22.79 P/E ratio. The Defense sector with its divisions Land Systems, Weapon and Munitions, Propellants, Air Defense, C4ISTAR and Simulation and Training offers, among others, armored vehicles, turrets and weapon stations, support, command and functional vehicles, infantry, protection and propellant systems, civil chemistry, ground and naval air defense, reconnaissance, fire control, unmanned air vehicles, as well as flight, land, maritime and process simulation.