Reaffirmed: Rheinmetall (ETR:RHM) “Hold” Rating Restated by equity analysts Independent Research GmbH; EUR 65.00 Target in Place

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Rheinmetall (ETR:RHM) Rating Reaffirmed

They currently have a EUR 65.00 TP on Rheinmetall (ETR:RHM). The target price by Independent Research GmbH would suggest a potential upside of 5.54% from the company’s current stock price. This has been announced in a recent report on 10 December.

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 €62.59 with a 1.76% above today’s (€61.51) stock price. Rheinmetall was the topic of 21 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on December 4 to “Buy” rating. UBS maintained shares with “Neutral” rating and €52 target share price in a report from a November 14. Warburg Research upgraded RHM stock in a recent report from December 1 to “Buy” rating. S&P Research downgraded the rating on November 7. S&P Research has a “Sell” rating and a €52 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a November 25.

The stock increased 0.02% or EUR 0.01 on December 9, striking EUR 61.51. Approximately 175,058 shares of stock traded hands. Rheinmetall AG (ETR:RHM) has risen 30.05% since May 13, 2015 and is uptrending. It has outperformed by 30.85% the S&P500.

Reaffirmed: Rheinmetall (ETR:RHM)

Rheinmetall AG is a Germany-based management holding company, which divides own activities into two sectors. The company has a market cap of 2.69 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 23.41 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.

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