UBS AG set a €92.30 ($108.59) price objective on Rheinmetall AG (ETR:RHM) in a report issued on Thursday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
A number of other analysts also recently commented on RHM. Kepler Capital Markets set a €88.00 ($103.53) price target on shares of Rheinmetall AG and gave the stock a neutral rating in a research report on Thursday, June 8th. Commerzbank Ag set a €67.00 ($78.82) price objective on shares of Rheinmetall AG and gave the stock a neutral rating in a research note on Friday, June 16th. Finally, HSBC Holdings plc set a €78.00 ($91.76) price objective on shares of Rheinmetall AG and gave the stock a neutral rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of €94.72 ($111.43).
Rheinmetall AG (ETR RHM) opened at 87.171 on Thursday. The stock’s 50 day moving average is €86.11 and its 200-day moving average is €79.89. Rheinmetall AG has a 52 week low of €60.50 and a 52 week high of €89.74. The firm has a market capitalization of €3.74 billion and a price-to-earnings ratio of 17.834.
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About Rheinmetall AG
Rheinmetall AG is a Germany-based company that specializes in security and mobility solutions. It operates through two segments: Defence and Automotive. The Defence segment provides Combat Systems, including armored tracked vehicles, protection systems, propellants and powder and turret systems and weapon stations, Electronic Solutions, such as air defence systems, soldier systems, fire control systems and sensors, and Wheeled Vehicles, including wheeled logistics and wheeled tactical vehicles.
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