Rheinmetall weighs Japan move, shares under analyst scrutiny
22.06.2026 - 20:21:00 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-22, 20:16.
Rheinmetall (DE0007030009) remains in the spotlight of the DAX today as it considers entering weapons production in Japan, according to a Reuters report from late last week that is still driving debate among investors. On Xetra the shares recently traded around 1,189.40 euros, putting the defense group among the higher-priced industrial names in Europe.
Japan production talks and NATO focus
Reuters reported on 19 June that Rheinmetall plans to start talks on setting up defense production in Japan, a move that would deepen its presence in the Asia-Pacific region. The company is already a key supplier of ammunition and armored vehicles to NATO states, benefitting from higher European defense budgets since 2022.
In parallel, Rheinmetall signed a preliminary agreement with General Atomics on transatlantic co-production of Vektrex precision ammunition, aimed at modernizing artillery capabilities within NATO. This cooperation underlines the group’s strategy of positioning itself as a central technology provider for Western armies while expanding its international footprint.
Analyst views after recent volatility
On the analyst side, Berenberg reiterated its Buy rating on Rheinmetall on 19 June and set a price target of 1,750 euros, highlighting the company’s strong order pipeline and structural growth in defense spending. MarketScreener shows that this stance keeps the stock in the upper valuation range of European defense peers such as Hensoldt and Renk.
More recently, Oddo BHF upgraded Rheinmetall from Neutral to Outperform but at the same time cut its price target, reflecting recent share-price volatility and a more cautious near-term view while still seeing upside from the current level. finanzen.net notes that the shares have recently marked a new four-week low, which puts the Oddo call into context as a bet on a potential recovery.
All news and analysis on the Rheinmetall shares
Background reports, analyst comments and price data provide a broader view of how investors assess the Rheinmetall equity story.
What Rheinmetall sells to armies
Rheinmetall generates a large share of its revenue with armored vehicles such as the Puma infantry fighting vehicle and the Boxer wheeled armored vehicle, as well as artillery systems and ammunition for NATO customers. The group also produces air-defense solutions and electronic sensors that support modern battlefield communication and protection.
Where the Rheinmetall stock trades
The Rheinmetall shares (DE0007030009) most recently changed hands on Xetra at 1,189.40 euros on 2026-06-22, 15:37, according to exchange data.
Key data on the Rheinmetall shares
- Company: Rheinmetall AG
- ISIN: DE0007030009
- WKN: 703000
- Ticker: RHM
- Trading venue: Xetra
- Price (as of 2026-06-22, 15:37): 1,189.40 EUR
- Market cap: 52.3 billion EUR (as of 2026-06-22)
- Sector / industry: Industrials / Defense & Aerospace
- Index membership: DAX, Stoxx Europe 600, Euro Stoxx 50
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice, an offer or a solicitation to buy or sell any financial instrument. Investors should conduct their own research or consult a qualified advisor before making investment decisions.
