Berenberg cuts target for Rheinmetall stock to EUR 1,020.00
Published on 10/13/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Berenberg cut its Rheinmetall price target from EUR 1,600.00 to EUR 1,020.00 on October 9, 2026, and downgraded the stock from Buy to Hold, as Yahoo Finance reported. The revised target lies 6.36 percent above the EUR 959.00 price. Rheinmetall stock was trading at EUR 959.00 at Lang & Schwarz on October 13, 2026 at 2:12 p.m. CEST, down 0.33 percent versus the Xetra close of October 12, 2026 at EUR 962.20.
Results arrive November 5
Rheinmetall's investor-relations calendar lists the third-quarter 2026 report for November 5, 2026, while the Capital Markets Day is scheduled for November 25 to November 27, 2026, according to Rheinmetall. The dates give the market two near-term checkpoints after the target reduction.
Revenue grew in the second quarter
Rheinmetall generated EUR 3.29 billion of revenue in the second quarter of 2026, up 69.00 percent from the prior-year quarter. Earnings per share reached EUR 8.43 against a EUR 6.46 consensus estimate, according to HKCM. The comparison matters because Berenberg's October 9 note focused on the visibility of growth beyond 2030 rather than on the latest reported quarter.
Stock sits below its yearly high
The Lang & Schwarz intraday range was EUR 955.00 to EUR 965.40 on October 13, 2026, with a bid of EUR 958.70 and an ask of EUR 959.30. The 52-week range was EUR 900.20 to EUR 1,966.00, placing the stock 51.22 percent below its high and 6.53 percent above its low.
Comparison with peers
Rheinmetall (Xetra, EUR): minus 0.33 percent, P/E 62.31, market capitalization EUR 44.8 billion
Hensoldt (Xetra, EUR): minus 1.41 percent, P/E 76.69, market capitalization EUR 9.2 billion
Leonardo (Borsa Italiana, EUR): minus 1.50 percent, P/E 24.12, market capitalization EUR 27.1 billion
Valuation remains the market question
Rheinmetall's price-to-earnings ratio of 62.31 is above Leonardo's 24.12 and Hensoldt's 76.69 is higher still. The contrast leaves execution, order conversion and the November reporting date as the clearest measurable checkpoints for the shares.
Price and trading snapshot
The stock's current EUR 959.00 quote is 0.33 percent below the Xetra close of October 12, 2026 at EUR 962.20. The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.
Rheinmetall stock data
- Company: Rheinmetall AG
- ISIN: DE0007030009
- Ticker: RHM.DE
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 13, 2026, 2:12 p.m. CEST): EUR 959.00
- Change versus Xetra close: minus 0.33 percent
- Xetra close (October 12, 2026): EUR 962.20
- Market capitalization: EUR 44.8 billion (as of October 13, 2026)
- 52-week range: EUR 900.20-EUR 1,966.00 (as of October 13, 2026)
- Next earnings date: November 5, 2026
Market context: Market report DAX.
