Berenberg Bank Reiterates “€130.00” Price Target for Rheinmetall (RHM)

Berenberg Bank set a €130.00 ($154.76) price target on Rheinmetall (ETR:RHM) in a research note published on Thursday morning. The firm currently has a buy rating on the stock.

RHM has been the subject of a number of other research reports. UBS set a €130.00 ($154.76) price objective on shares of Rheinmetall and gave the company a buy rating in a research note on Thursday, March 1st. Commerzbank set a €135.00 ($160.71) price objective on shares of Rheinmetall and gave the company a buy rating in a research note on Monday, May 7th. Kepler Capital Markets set a €111.00 ($132.14) price objective on shares of Rheinmetall and gave the company a neutral rating in a research note on Tuesday, March 20th. Oddo Bhf set a €122.00 ($145.24) price objective on shares of Rheinmetall and gave the company a buy rating in a research note on Wednesday, February 21st. Finally, Nord/LB set a €130.00 ($154.76) price objective on shares of Rheinmetall and gave the company a buy rating in a research note on Tuesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of €119.79 ($142.60).

Shares of Rheinmetall opened at €114.05 ($135.77) on Thursday, MarketBeat reports. Rheinmetall has a 52-week low of €71.11 ($84.65) and a 52-week high of €116.80 ($139.05).

Rheinmetall Company Profile

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.

Analyst Recommendations for Rheinmetall (ETR:RHM)

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