Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Receives Average Rating of “Buy” from Brokerages

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts recently commented on RNMBY shares. Zacks Research upgraded Rheinmetall to a “hold” rating in a research report on Friday, December 19th. Sanford C. Bernstein raised shares of Rheinmetall from a “hold” rating to an “outperform” rating in a report on Thursday, December 11th. The Goldman Sachs Group began coverage on shares of Rheinmetall in a research note on Friday, September 19th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a research report on Wednesday, October 15th. Finally, Barclays began coverage on Rheinmetall in a report on Monday, September 8th. They set an “overweight” rating on the stock.

View Our Latest Report on RNMBY

Rheinmetall Trading Up 0.7%

Rheinmetall stock opened at $366.63 on Monday. Rheinmetall has a 12 month low of $122.64 and a 12 month high of $468.90. The business has a 50 day moving average price of $378.93 and a two-hundred day moving average price of $402.30. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.23.

Rheinmetall (OTCMKTS:RNMBYGet Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $3.25 billion during the quarter.

About Rheinmetall

(Get Free Report)

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.

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Analyst Recommendations for Rheinmetall (OTCMKTS:RNMBY)

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