Rheinmetall (ETR:RHM) received a €108.00 ($125.58) price target from equities research analysts at HSBC in a research report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. HSBC’s target price would indicate a potential upside of 6.93% from the company’s previous close.
A number of other equities research analysts have also commented on RHM. Warburg Research set a €112.00 ($130.23) price target on Rheinmetall and gave the company a “buy” rating in a research report on Friday, March 29th. Deutsche Bank set a €115.00 ($133.72) price target on Rheinmetall and gave the company a “buy” rating in a research report on Friday, May 10th. Independent Research set a €108.00 ($125.58) price target on Rheinmetall and gave the company a “neutral” rating in a research report on Friday, May 10th. Oddo Bhf set a €89.00 ($103.49) price target on Rheinmetall and gave the company a “sell” rating in a research report on Friday. Finally, Kepler Capital Markets set a €111.00 ($129.07) price target on Rheinmetall and gave the company a “buy” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Rheinmetall currently has an average rating of “Buy” and an average price target of €108.50 ($126.16).
ETR RHM opened at €101.00 ($117.44) on Friday. The firm has a market capitalization of $4.32 billion and a P/E ratio of 13.83. Rheinmetall has a 12 month low of €68.94 ($80.16) and a 12 month high of €112.75 ($131.10). The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 38.88.
Rheinmetall AG 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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