UBS Group set a €117.00 ($136.05) target price on Rheinmetall (ETR:RHM) in a research note published on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts also recently commented on RHM. HSBC set a €101.00 ($117.44) price target on Rheinmetall and gave the company a buy rating in a report on Wednesday, December 5th. Oddo Bhf set a €80.00 ($93.02) price target on Rheinmetall and gave the company a neutral rating in a report on Monday, December 3rd. Warburg Research set a €107.00 ($124.42) price target on Rheinmetall and gave the company a buy rating in a report on Friday, March 1st. Independent Research set a €88.00 ($102.33) price target on Rheinmetall and gave the company a neutral rating in a report on Friday, November 30th. Finally, Nord/LB set a €110.00 ($127.91) price target on Rheinmetall and gave the company a buy rating in a report on Monday, December 3rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of €106.86 ($124.25).
RHM traded up €1.12 ($1.30) during midday trading on Thursday, hitting €99.66 ($115.88). 135,008 shares of the company’s stock traded hands, compared to its average volume of 160,244. The firm has a market cap of $4.22 billion and a PE ratio of 15.51. The company has a debt-to-equity ratio of 41.31, a quick ratio of 0.76 and a current ratio of 1.49. Rheinmetall has a one year low of €68.94 ($80.16) and a one year high of €119.35 ($138.78).
Rheinmetall Aktiengesellschaft manufactures and supplies automotive components and defense equipment in Germany and internationally. The company's automotive products include mechatronics, such as cutting emissions, actuators, and solenoid valves, as well as water, oil, and vacuum pumps; hardparts, including pistons, engine blocks, structural components and cylinder heads, plain bearings, and bushes; and replacement parts.
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