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

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company.

RNMBY has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada assumed coverage on Rheinmetall in a research report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Finally, Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th.

Rheinmetall Stock Down 3.6%

RNMBY opened at $240.07 on Friday. The firm has a market cap of $56.02 billion, a P/E ratio of 82.50 and a beta of 0.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. The business has a 50 day moving average price of $252.52 and a 200 day moving average price of $299.28. Rheinmetall has a twelve month low of $211.20 and a twelve month high of $468.90.

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.