Analyst Chloe Lemaire from Jefferies maintained a Buy rating on Rheinmetall and keeping the price target at €2,250.00.
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Chloe Lemaire has given her Buy rating due to a combination of factors that highlight Rheinmetall’s promising future prospects. The company has significantly increased its 2030 sales outlook to approximately €50 billion, which is at the higher end of its previous estimates. This optimistic forecast includes potential mergers and acquisitions but excludes potential wins in the US market, indicating a robust growth strategy.
Furthermore, Rheinmetall anticipates an EBIT margin exceeding 20%, an improvement from the previous target of around 20% by 2027. The company also expects to achieve a cash conversion rate of over 50%, up from the previous target of over 40% for the 2025-2027 period. These positive revisions to their financial targets suggest a strong performance outlook, supporting Chloe Lemaire’s Buy recommendation.
In another report released on November 12, Berenberg Bank also maintained a Buy rating on the stock with a €2,300.00 price target.