Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company.

A number of analysts have recently issued reports on RNMBY shares. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Zacks Research cut shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd.

Rheinmetall Trading Down 1.8%

Shares of Rheinmetall stock opened at $218.55 on Friday. The firm has a market capitalization of $50.86 billion, a PE ratio of 102.61 and a beta of 0.18. Rheinmetall has a twelve month low of $211.20 and a twelve month high of $468.90. The firm’s 50-day moving average price is $261.97 and its 200 day moving average price is $337.09. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

Rheinmetall Company Profile

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.