(New: Records at Renk and Rheinmetall, no Trump-Putin knowledge)
Frankfurt (dpa -AfX) – New momentum came into the three German armaments on Monday in the course of the trade after a cautious morning. This drove the shares of Rheinmetall by 1.7 percent. With up to 1,753 euros, they were first traded above the mark of 1,750 euros in their persistent Rally. In 2025, her course soon tripled.
The titles of Renk also continued their record hunt, here a 3.9 percent high increase for initially for the first time was praised at prices over 62 euros. Hensoldt attracted 2.6 percent as third in the group, but her record has been a few months ago. However, they approached the highest level of up to 75 euros in May.
The central theme in the armaments industry remained the perspective of the Russian war of aggression against Ukraine on Monday, which continued in the east of the country with bitter struggles. No details became known of a phone call between US President Donald Trump and Russia’s president until the conclusion of trade. However, investors do not promise any quick progress anyway.
Immediately before the phone call, important allies of Ukraine increased the pressure on Russia with the threat of sanctions to seriously get involved in a ceasefire and peace talks. “However, it seems questionable whether the US government is willing to counter Russia’s aggression with sharper sanctions,” said a comment from the Landesbank Baden-Württemberg (LBBW) in the morning.
According to Jefferies expert Chloe Lemarie, discussions about a possible ceasefire, the risk of shaking European defense titles after her rally. However, it sees in every weakness that is available for armor values, especially buying opportunities, especially since the presence of US troops in Europe is still an issue. “The discussions about the US troop deduction could increase the pressure on European partners to increase their defense spending,” she wrote.
In a conversation with the “picture”, Estonia’s Defense Minister Hanno Pevkur also warned that an end to the war would even increase the danger to his country. He fears that Russia could redistribute its forces in this case and, in the worst case, attack Estonia if the war was over in Ukraine.
Analysts generally do not see the rally in the case of armor values anyway. For Renk and Rheinmetall, Berenberg expert George McWhirter increased its price targets to 72 and 2,040 euros on Monday, which still promises about 16 percent in potential. Despite all the peace efforts, the prospects for defense spending would have further improved. According to its assessment, Germany is likely to spend 3.5 percent of the GDP by 2032./TiH/AG/Stw/he
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