Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) were down 3.6% during mid-day trading on Tuesday . The company traded as low as $248.27 and last traded at $248.88. Approximately 54,071 shares changed hands during trading, an increase of 10% from the average session volume of 49,076 shares. The stock had previously closed at $258.24.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on RNMBY shares. Royal Bank Of Canada started coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Santander upgraded Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Rheinmetall
Rheinmetall Trading Down 3.6%
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.
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