Analysts Set Rheinmetall AG (OTCMKTS:RNMBY) Target Price at $234.75

Rheinmetall AG (OTCMKTS:RNMBYGet Rating) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $234.75.

A number of equities analysts have recently commented on RNMBY shares. Berenberg Bank boosted their price target on Rheinmetall from €215.00 ($219.39) to €240.00 ($244.90) and gave the stock a “buy” rating in a report on Tuesday, May 31st. BNP Paribas raised Rheinmetall from a “neutral” rating to an “outperform” rating in a report on Monday, August 8th. The Goldman Sachs Group assumed coverage on Rheinmetall in a report on Monday, June 13th. They set a “buy” rating for the company. Finally, Exane BNP Paribas raised Rheinmetall from a “neutral” rating to an “outperform” rating in a report on Monday, August 8th.

Rheinmetall Trading Up 0.9 %

OTCMKTS:RNMBY opened at $30.97 on Thursday. The stock has a fifty day moving average price of $35.36 and a 200-day moving average price of $38.97. Rheinmetall has a fifty-two week low of $17.56 and a fifty-two week high of $47.74.

Rheinmetall (OTCMKTS:RNMBYGet Rating) last released its earnings results on Friday, August 5th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $1.50 billion for the quarter.

About Rheinmetall

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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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Analyst Recommendations for Rheinmetall (OTCMKTS:RNMBY)

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