Rheinmetall stock: UBS cuts target to EUR 1,360 but keeps Buy

Published on 10/20/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due November 5, 2026. Rheinmetall stock costs EUR 1,032.30 on October 20, 2026, down 2.59 percent versus the Xetra close.

UBS target cut and November dates

UBS cut its Rheinmetall target from EUR 1,600.00 to EUR 1,360.00 on October 20, 2026.
Rheinmetall and MSC agreed to acquire the Mangalia shipyard for EUR 138.00 million on October 19, 2026.
Rheinmetall stock costs EUR 1,032.30 at Lang & Schwarz on October 20, 2026 at 3:16 p.m. CEST, 2.59 percent below the Xetra close of October 19, 2026.
Rheinmetall will publish its third-quarter 2026 report on November 5, 2026.

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Rheinmetall (ISIN DE0007030009) faced a lower UBS target on October 20, 2026, as t-online reported a cut from EUR 1,600.00 to EUR 1,360.00 while the Buy rating stayed in place. The new target is 31.74 percent above the Lang & Schwarz price. Rheinmetall stock was trading at EUR 1,032.30 at Lang & Schwarz on October 20, 2026 at 3:16 p.m. CEST, down 2.59 percent versus the Xetra close of October 19, 2026 (EUR 1,059.80).

Mangalia deal adds a second figure

Rheinmetall and MSC had won the auction to acquire Romania's Mangalia shipyard for EUR 138.00 million on October 19, 2026, according to Rheinmetall. The company described the site as a future dual-use location for civilian and military shipbuilding. That transaction gives the stock story an operating milestone alongside the analyst revision.

Stock sits 47.49 percent below its high

As of October 20, 2026, the 52-week range was EUR 900.20 to EUR 1,966.00. The Lang & Schwarz price stood 14.67 percent above the low and 47.49 percent below the high. Market capitalization was EUR 48.2 billion, while the price-to-earnings ratio was 67.11.

What does the target change mean?

UBS kept its Buy rating but lowered the target by EUR 240.00, a 15.00 percent reduction from EUR 1,600.00. The bank's note, carried by t-online, said Rheinmetall should set conservative goals at its November capital markets event. The change leaves the rating positive while reducing the numerical expectation.

Rheinmetall lists November 5, 2026 for its third-quarter 2026 report and November 25 to November 27, 2026 for its capital markets day. Those dates provide the next company-specific checkpoints for the revised analyst view.

Price remains below the yearly peak

The combination of a 2.59 percent daily decline and a 47.49 percent gap to the 52-week high places the current quote well below its yearly peak. The November reporting date and capital markets day offer dated points for assessing whether operating figures and corporate targets support the market's valuation.

Rheinmetall was trading at EUR 1,032.30 at Lang & Schwarz on October 20, 2026 at 3:16 p.m. CEST, 2.59 percent below the Xetra close of October 19, 2026 at EUR 1,059.80. The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.