Rheinmetall (OTCMKTS:RNMBY) Upgraded to “Outperform” at Oddo Bhf

Oddo Bhf upgraded shares of Rheinmetall (OTCMKTS:RNMBY – Get Rating) from a neutral rating to an outperform rating in a research report report published on Friday morning, The Fly reports. Oddo Bhf currently has €235.00 ($247.37) target price on the stock.

RNMBY has been the topic of several other research reports. UBS Group lifted their price target on shares of Rheinmetall from €187.00 ($196.84) to €251.00 ($264.21) in a report on Friday, April 22nd. Morgan Stanley lifted their price target 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. Deutsche Bank Aktiengesellschaft cut shares of Rheinmetall from a buy rating to a hold rating in a report on Monday, May 9th. Berenberg Bank lifted their price target on shares of Rheinmetall from €115.00 ($121.05) to €155.00 ($163.16) in a report on Wednesday, March 2nd. Finally, AlphaValue upgraded shares of Rheinmetall from a reduce rating to a buy rating in a report on Wednesday, March 2nd. 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 company has an average rating of Buy and an average price target of $208.80.

Shares of Rheinmetall stock traded up $1.14 on Friday, hitting $38.41. The stock had a trading volume of 1,929 shares, compared to its average volume of 9,739. Rheinmetall has a one year low of $17.56 and a one year high of $47.74. The stock’s 50-day simple moving average is $41.69 and its two-hundred day simple moving average is $28.03.

The firm also recently announced a dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.4849 per share. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 11th.

About Rheinmetall (Get Rating)

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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