Rheinmetall stock: UBS cuts target to EUR 1,360.00
Published on 10/21/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUBS target reset
- UBS cut its Rheinmetall target from EUR 1,600.00 to EUR 1,360.00 on October 20, 2026.
- Second-quarter 2026 revenue reached EUR 3.29 billion for the period ended June 30, 2026.
- Rheinmetall stock costs EUR 1,010.60 at Lang & Schwarz on October 21, 2026 at 5:01 p.m. CEST, 4.12 percent below the Xetra close of October 20, 2026.
- Rheinmetall is scheduled to publish its third-quarter 2026 report on November 5, 2026.
Rheinmetall stock (ISIN DE0007030009) faces a fresh valuation test after UBS cut its price target from EUR 1,600.00 to EUR 1,360.00 on October 20, 2026, while keeping its Buy rating, as MarketScreener reported. At Lang & Schwarz on October 21, 2026 at 5:01 p.m. CEST, the stock was trading at EUR 1,010.60, down 4.12 percent versus the Xetra close of October 20, 2026 at EUR 1,054.00.
Revenue keeps the growth case alive
Rheinmetall generated EUR 3.29 billion in second-quarter 2026 revenue for the period ended June 30, 2026. The figure was also reported by Der Investor in October 2026. That operating scale gives the UBS target cut a concrete counterweight, even as the market is pricing in a wider margin for execution risk.
Stock sits above its yearly low
The EUR 900.20 to EUR 1,966.00 52-week range was measured on October 21, 2026. At EUR 1,010.60, Rheinmetall stood 12.26 percent above its low and 48.60 percent below its high. Its market capitalization was EUR 48.1 billion, and its price-to-earnings ratio was 66.81 on the same dated quote. Trading volume was 91,654 shares at 4:47 p.m. CEST.
Targets and dates frame valuation
UBS's EUR 1,360.00 target stood 34.58 percent above the Lang & Schwarz price on October 21, 2026. The company lists its next quarterly report for November 5, 2026 and its Capital Markets Day for November 26 to November 27, 2026, according to its investor-relations calendar.
Comparison with peers
Rheinmetall: down 4.12 percent versus the Xetra close of October 20, 2026, price-to-earnings ratio 66.81, market capitalization EUR 48.1 billion.
Hensoldt (Xetra, EUR): down 2.46 percent, price-to-earnings ratio 80.73, market capitalization EUR 9.7 billion.
Saab (Nasdaq Stockholm, SEK): down 0.56 percent, price-to-earnings ratio 48.48, market capitalization SEK 337.2 billion.
What the lower target changes
The UBS move narrows the distance between the stock and a named analyst target, but it does not remove the gap. For investors, the combination of a 48.60 percent distance from the 52-week high and the November reporting date makes execution and fresh operating figures the next measurable checkpoints.
Price remains the immediate signal
Rheinmetall was trading at EUR 1,010.60 at Lang & Schwarz on October 21, 2026 at 5:01 p.m. CEST, 4.12 percent below the Xetra close of October 20, 2026 at EUR 1,054.00.
The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.
Rheinmetall market facts
- Company: Rheinmetall AG
- ISIN: DE0007030009
- Ticker: RHM
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 21, 2026, 5:01 p.m. CEST): EUR 1,010.60
- Change versus Xetra close: minus 4.12 percent
- Xetra close (October 20, 2026): EUR 1,054.00
- Market capitalization: EUR 48.1 billion (as of October 21, 2026)
- 52-week range: EUR 900.20-1,966.00 (as of October 21, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: November 5, 2026
Market context: Market report DAX.
