Rheinmetall (OTCMKTS:RNMBY) Stock Rating Lowered by Berenberg Bank

Rheinmetall (OTCMKTS:RNMBY) was downgraded by stock analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Friday, Zacks reports.

Other analysts have also issued reports about the stock. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Royal Bank Of Canada started coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Finally, Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Down 0.6%

Rheinmetall stock opened at $210.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $246.09 and a 200 day simple moving average of $272.28. The company has a market cap of $49.00 billion, a P/E ratio of 72.16 and a beta of 0.18. Rheinmetall has a 1-year low of $206.50 and a 1-year high of $450.00.

Rheinmetall Company Profile

Rheinmetall AG is a German defense technology company headquartered in Düsseldorf. Founded in 1889, the group develops and manufactures military equipment and systems for armed forces, government agencies and security organizations in Germany and international markets.

Its portfolio includes tracked and wheeled military vehicles, combat vehicles, artillery systems, weapons, ammunition and air-defense technology. Rheinmetall also provides military electronics, sensors, command-and-control systems, simulation and training solutions, as well as protection and reconnaissance technologies.

The company serves customers across Europe and other regions, including NATO member states and partner nations.