Analyst Chloe Lemaire of Jefferies maintained a Buy rating on Rheinmetall (0NI1 – Research Report), boosting the price target to €1,700.00.
Chloe Lemaire’s rating is based on Rheinmetall’s impressive first-quarter performance, which exceeded expectations by 20% in terms of adjusted EBIT. Despite maintaining their full-year guidance, Lemaire anticipates further growth driven by the company’s robust defense segment, projecting a 25% increase in adjusted EBIT compared to consensus estimates.
Additionally, the price target for Rheinmetall has been raised to €1,700, reflecting higher valuation multiples. The stock remains a top pick in the sector, underscoring the firm’s confidence in its continued performance. The full release of the first-quarter results is expected on May 8th, which will provide more insights into the company’s financial health.
In another report released on April 22, J.P. Morgan also maintained a Buy rating on the stock with a €1,400.00 price target.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NI1 in relation to earlier this year.