Rheinmetall (0NI1) Receives a Buy from Kepler Capital

Kepler Capital analyst Michael Raab maintained a Buy rating on Rheinmetall on October 10 and set a price target of €2,091.00. The company’s shares closed last Friday at €1,881.00.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Raab covers the Industrials sector, focusing on stocks such as Rheinmetall, Schaeffler, and ElringKlinger. According to TipRanks, Raab has an average return of 15.7% and a 59.89% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rheinmetall with a €2,145.50 average price target, which is a 14.06% upside from current levels. In a report released on October 7, Barclays also maintained a Buy rating on the stock with a €2,050.00 price target.

Based on Rheinmetall’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.43 billion and a net profit of €131 million. In comparison, last year the company earned a revenue of €2.23 billion and had a net profit of €62 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0NI1 in relation to earlier this year.