In his latest research note, analyst Chloe Lemarie confirms his positive recommendation. The broker Jefferies is keeping its Buy rating. The target price is lowered from EUR 2220 to EUR 1890.
Rheinmetall AG specializes in the design, manufacture and marketing of equipment, components and solutions for the military and civilian industries. Net sales (including intragroup and not including sold divisions) break down by family of products as follows:
- vehicle systems (49%): multi-purpose wheeled and tracked vehicles (tactical military vehicles, support vehicles, logistics vehicles and special vehicles);
- weapon and ammunition systems (32%): automatic cannons for land, air and sea vehicles, smooth-bore weapons, artillery systems, smart projectiles, high-energy lasers, etc.;
- electronic solutions (19%): sensors and networking systems, cyberspace protection solutions, air defense systems, radar systems, technical documentation solutions, integrated electronic systems, drones and automated ground robots, training and simulation solutions.
Net sales are distributed geographically as follows: Germany (38%), Europe (42.9%), Americas (7.9%), Asia and the Middle East (5.1%) and other (6.1%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
