Rheinmetall (OTCMKTS:RNMBY) Rating Lowered to Equal Weight at Morgan Stanley

Rheinmetall (OTCMKTS:RNMBY – Get Rating) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Wednesday, The Fly reports.

A number of other equities research analysts have also recently commented on RNMBY. UBS Group raised their price objective on Rheinmetall from €110.00 ($118.28) to €121.00 ($130.11) and gave the company a “buy” rating in a research note on Wednesday, March 2nd. AlphaValue raised Rheinmetall from a “reduce” rating to a “buy” rating in a research note on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Rheinmetall from €120.00 ($129.03) to €190.00 ($204.30) and gave the company a “buy” rating in a research note on Friday, March 18th. Finally, Berenberg Bank raised their price objective on Rheinmetall from €115.00 ($123.66) to €155.00 ($166.67) in a research note on Wednesday, March 2nd.

Shares of Rheinmetall stock opened at $45.83 on Wednesday. Rheinmetall has a 52 week low of $17.56 and a 52 week high of $46.98. The stock has a 50 day moving average price of $35.28 and a two-hundred day moving average price of $25.12.

Rheinmetall Company Profile (Get Rating)

Rheinmetall AG operates as a holding company. The firm engages in the production of automotive components and defense equipment. It operates through the following segments: Defence and Automotive. The Defence segment offers vehicle, infantry equipment, protection and weapon systems, air defense systems, function sequence networking as well as simulation hardware and software.

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