Rheinmetall (OTCMKTS:RNMBY – Get Rating) was upgraded by equities researchers at Oddo Bhf from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has a €235.00 ($247.37) target price on the stock.
Several other research firms also recently commented on RNMBY. UBS Group increased their price objective on shares of Rheinmetall from €187.00 ($196.84) to €251.00 ($264.21) in a report on Friday, April 22nd. Morgan Stanley increased their price objective on shares of Rheinmetall from €211.00 ($222.11) to €213.00 ($224.21) and gave the company an “equal weight” rating in a report on Thursday. Berenberg Bank increased their price objective on shares of Rheinmetall from €115.00 ($121.05) to €155.00 ($163.16) in a report on Wednesday, March 2nd. AlphaValue raised shares of Rheinmetall from a “reduce” rating to a “buy” rating in a report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Rheinmetall from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $208.80.
Shares of RNMBY stock opened at $37.27 on Friday. The stock has a fifty day simple moving average of $41.50 and a two-hundred day simple moving average of $27.77. Rheinmetall has a 52-week low of $17.56 and a 52-week 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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