Shares of Rheinmetall, Hensoldt and Renk: profit from Pentecost Monday

• Armaments shares experience further price decline on Whit Monday
• Friday was already characterized by profit treatment and negative analyst comments
• Analysts see a lot of upward potential in the course

Armoramy sector in reverse gear: Dispatch since Friday

For German armaments such as Renk, Hensoldt and Rheinmetall, it continues on Whit Monday. Renk temporarily gives up 1.74 percent to 77.23 euros via Xetra, at Hensoldt there is a minus of 3.58 percent to EUR 95.55 on the board and Rheinmetall shares are 1.31 percent weak to 1,764.50 euros.

This decline continues a development that had already started massive profit takeover on Friday. After a month -long rally, the European armaments shares are now increasingly under pressure. Despite fundamentally positive industry prospects, such as well -filled order books and political support, analysts already see a lot in the current courses. Even the report that German defense spending should increase to 3.5 percent of gross domestic product has increasingly been evaluated by market participants.

Friday: clear price losses and analyst reactions

Last Friday was already characterized by noticeable losses for the armor shares. The Renk share fell by 6.24 percent in the Xetra business to 78.60 euros. This happened after analysts from BNP Paribas Exane had downgraded the paper from “neutral” to “underperform”, although the price target was raised from 46 euros to 72 euros. The Hensoldt titles also ultimately lost 6.42 percent to EUR 99.10, although according to Investing.com they had been upgraded to “neutral”. The Rheinmetall share was also unable to benefit from a price target increase to 2,300 euros and finally released 4.99 percent to EUR 1,788.00.

Different analysts and ambitious reviews

The recent analyst assessments reflect the different prospects and challenges within the sector. While BNP Paribas Exane maintains its “outperformed” rating for Rheinmetall with an increased price target -which reflects trust in growth through increased procurement spending, mergers and collaborations -analyst Sebastian Growe commented on renk. In view of the latest rating, Growe at Renk sees no further scope and downgraded the papers on “Under Perperform”. Hensoldt was only raised to “neutral” in the same course. Overall, analysts refer to the already ambitious level of evaluation of many armor values. Although the order books are well filled and there is political support, experts expect setbacks and consolidations at the markets at short notice.

Editor finance.net

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