Rheinmetall (OTCMKTS:RNMBY – Get Rating) was downgraded by investment analysts at Oddo Bhf from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports. They presently have a €237.00 ($254.84) price objective on the stock.
A number of other equities research analysts also recently weighed in on RNMBY. UBS Group raised their price target on shares of Rheinmetall from €187.00 ($201.08) to €251.00 ($269.89) in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft increased their price target 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. Berenberg Bank boosted their price objective on Rheinmetall from €115.00 ($123.66) to €155.00 ($166.67) in a research report on Wednesday, March 2nd. AlphaValue upgraded Rheinmetall from a “reduce” rating to a “buy” rating in a research report on Wednesday, March 2nd. Finally, Morgan Stanley cut Rheinmetall from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $191.00.
Shares of RNMBY stock opened at $45.63 on Monday. The business has a fifty day simple moving average of $39.13 and a 200 day simple moving average of $26.61. Rheinmetall has a twelve month low of $17.56 and a twelve month high of $47.74.
Rheinmetall AG provides technologies to the mobility and security sectors worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, support, logistics, and special vehicles, including armored tracked vehicles, CBRN protection systems, turret systems, and wheeled logistics and tactical vehicles.
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