Analysts Set Rheinmetall AG (RHM) Price Target at $119.79

Rheinmetall AG (ETR:RHM) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is €119.79 ($139.29).

RHM has been the topic of a number of recent analyst reports. Nord/LB set a €130.00 ($151.16) price target on shares of Rheinmetall and gave the company a “buy” rating in a report on Wednesday, May 23rd. Commerzbank set a €135.00 ($156.98) price target on shares of Rheinmetall and gave the company a “buy” rating in a report on Tuesday, April 3rd. Kepler Capital Markets set a €111.00 ($129.07) price target on shares of Rheinmetall and gave the company a “neutral” rating in a report on Tuesday, March 20th. Berenberg Bank set a €130.00 ($151.16) price target on shares of Rheinmetall and gave the company a “buy” rating in a report on Thursday, May 17th. Finally, Independent Research set a €115.00 ($133.72) price target on shares of Rheinmetall and gave the company a “neutral” rating in a report on Friday, March 16th.

Shares of Rheinmetall traded down €1.56 ($1.81), reaching €93.72 ($108.98), during midday trading on Monday, according to Marketbeat Ratings. The stock had a trading volume of 181,073 shares, compared to its average volume of 160,244. Rheinmetall has a 12-month low of €71.11 ($82.69) and a 12-month high of €116.80 ($135.81).

About Rheinmetall

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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