Rheinmetall (ETR:RHM) Stock Upgrade
In analysts report issued to investors and clients on Friday, 4 December, Bankhaus Lampe KG has boosted shares of Rheinmetall (ETR:RHM) stock to a solid “Buy” and has set a 52-week target PPS to EUR 73.00. This target is 22.92% from RHM’s current share price.
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 2.16% above today’s (€59.22) stock price. Rheinmetall was the topic of 20 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 1 with “Hold” rating. S&P Research downgraded shares to “Sell” rating and €52 target share price in a report from a November 7. Equinet upgraded RHM stock in a recent report from November 28 to “Buy” rating. Independent Research maintained the rating on November 7. Independent Research has a “Hold” rating and a €62 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a November 14.
The stock decreased 1.02% or EUR 0.61 on December 3, striking EUR 59.22. Approximately 420,696 shares of stock traded hands or 47.10% up from the average. Rheinmetall AG (ETR:RHM) has risen 30.05% since May 7, 2015 and is uptrending. It has outperformed by 30.34% 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 2.58 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 22.54 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.