Kepler Cheuvreux Seems to Have Gained Confidence In Rheinmetall (ETR:RHM), Upgrades Stocks

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Rheinmetall (ETR:RHM) Stock Upgrade

Kepler Cheuvreux has lifted shares of Rheinmetall (ETR:RHM) to a Buy and at this point in time has a EUR 70.00 PT on the stock. This was unveiled in an interesting analyst report earlier today. Kepler Cheuvreux’s PT would now indicate a possible upside of 13.86%.

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 €62.86 with a 2.38% above today’s (€61.4) stock price. Rheinmetall was the topic of 22 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 10 with “Hold” rating. Landesbank upgraded shares to “Buy” rating and €70 target share price in a report from a November 25. Deutsche Bank maintained RHM stock in a recent report from December 1 with “Hold” rating. UBS maintained the rating on November 14. UBS has a “Neutral” rating and a €52 price target on shares. Finally, Equinet upgraded the stock to “Buy” rating in a report issued on a November 28.

The stock increased 0.16% or EUR 0.1 on December 16, striking EUR 61.4. Approximately 158,811 shares of stock traded hands. Rheinmetall AG (ETR:RHM) has risen 18.28% since May 20, 2015 and is uptrending. It has outperformed by 20.90% the S&P500.

 Kepler Cheuvreux Seems to Have Gained Confidence In Rheinmetall (ETR:RHM), Upgrades Stocks

Rheinmetall AG is a Germany-based management holding company, which divides own activities into two sectors. The company has a market cap of 2.63 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 23.37 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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