Key points:
● Fundamentally still around 20% potential
● Sideways phase must be ended
Fundamentally there is still room up to EUR 610.00
From a fundamental perspective, Rheinmetall shares have not yet fully exploited their potential. The analysts’ thumb continues to point upwards. In total, the DAX stock is monitored by fourteen experts. And the result is consistently positive. Twelve analysts recommend buying the defense stock. The value is rated neutral by only two analysts. The average price target is currently around EUR 610.00, around 19% below the current price level.
Analyst recommendations*
* These are external analyst assessments from research houses and banks. These are expressly not assessments by IG analysts; Source: TipRanks
In terms of the chart, the traffic light is yellow
From a technical point of view, Rheinmetall shares are not ready yet. At the moment, the DAX stock is moving in a trading range. To continue the climbing game, a jump over the top of the above-mentioned chart formation at EUR 571.00 is required. The lower limit at EUR 437.50 could be used as a stop loss. An initial minimum price target of EUR 704.00 is calculated from the height of the trading zone.
Rheinmetall chart on a weekly basis
Source: IG trading platform; Past performance is not a reliable indicator of future performance
