Rheinmetall (OTCMKTS:RNMBY) PT Raised to €240.00 at Berenberg Bank

Rheinmetall (OTCMKTS:RNMBYGet Rating) had its target price raised by Berenberg Bank from €220.00 ($224.49) to €240.00 ($244.90) in a report published on Tuesday, The Fly reports.

Several other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Rheinmetall from a hold rating to a buy rating in a report on Monday. BNP Paribas raised shares of Rheinmetall from a neutral rating to an outperform rating in a research report on Monday, August 8th. Exane BNP Paribas raised shares of Rheinmetall from a neutral rating to an outperform rating in a research report on Monday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Rheinmetall from €240.00 ($244.90) to €265.00 ($270.41) and gave the company an overweight rating in a research report on Tuesday, November 15th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $232.33.

Rheinmetall Trading Up 7.5 %

Shares of OTCMKTS RNMBY opened at $41.10 on Tuesday. Rheinmetall has a 12-month low of $17.56 and a 12-month high of $47.74. The stock has a fifty day moving average price of $31.98 and a 200 day moving average price of $36.24.

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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