Rheinmetall stock: Bernstein keeps EUR 1,200.00 target for Rheinmetall stock

Published on 10/19/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rheinmetall reports results on November 5, 2026. Rheinmetall stock costs EUR 1,052.60 on October 19, 2026, minus 3.45 percent versus Xetra close.

Analyst view and calendar

Bernstein maintained its EUR 1,200.00 target and Buy rating on October 19, 2026.
Rheinmetall is scheduled to publish third-quarter results on November 5, 2026.
Rheinmetall stock costs EUR 1,052.60 at Lang & Schwarz on October 19, 2026 at 4:09 p.m. CEST, 3.45 percent below the Xetra close of October 16, 2026.
Rheinmetall has a market capitalization of EUR 49.1 billion and a P/E ratio of 68.24.

Makroaufnahme einer gerillten Stahlstruktur einer generischen Geschützrohr-Mündung in Nahaufnahme — Rheinmetall AG (DE0007030009) Makroaufnahme einer fein gerillten Stahlstruktur einer generischen Geschützrohr-Mündung in extremer Nahaufnahme, Illustration mit AI erstellt.

Bernstein maintained its Buy rating and EUR 1,200.00 price target for Rheinmetall in research published on October 19, 2026, according to MarketScreener. The target stands 14.00 percent above the Lang & Schwarz price of EUR 1,052.60. At 4:09 p.m. CEST, the stock was 3.45 percent below the Xetra close of October 16, 2026 at EUR 1,090.20.

Results date sets the next test

Rheinmetall is scheduled to publish its third-quarter 2026 results on November 5, 2026, according to the company's financial calendar on its Rheinmetall investor-relations page. The calendar also lists a Capital Markets Day from November 25 to November 27, 2026. These dates give the market two defined checkpoints after the recent debate over growth visibility.

Price stays below the yearly peak

The Lang & Schwarz bid was EUR 1,052.20 and the ask was EUR 1,053.00 on October 19, 2026 at 4:09 p.m. CEST. The finance quote showed 144,938 shares traded at 4:05 p.m. CEST, compared with an average volume of 189,476 shares. Rheinmetall's 52-week range was EUR 900.20 to EUR 1,966.00 as of October 19, 2026, leaving the stock 46.46 percent below the high and 16.93 percent above the low.

Valuation and scheduled dates

Rheinmetall's market capitalization was EUR 49.1 billion and its P/E ratio was 68.24 as of October 19, 2026. The trailing dividend yield was 0.01 percent. The upcoming November 5 results are the next company date, followed by the Capital Markets Day in Hamburg from November 25 to November 27, 2026.

Comparison with peers

Rheinmetall (Xetra, EUR): minus 3.45 percent, P/E 68.24, market capitalization EUR 49.1 billion.

Hensoldt (Xetra, EUR): minus 2.03 percent, P/E 82.88, market capitalization EUR 9.9 billion.

Leonardo (Borsa Italiana, EUR): minus 2.43 percent, P/E 25.24, market capitalization EUR 28.4 billion.

What the next figures can clarify

The November report will show whether Rheinmetall's operating performance is keeping pace with the valuation implied by the current P/E ratio. Bernstein's unchanged EUR 1,200.00 target provides one dated analyst reference, while the 52-week range shows how far the stock remains from its recent peak.

Stock price and investor calendar

Rheinmetall stock was trading at EUR 1,052.60 at Lang & Schwarz on October 19, 2026 at 4:09 p.m. CEST, down 3.45 percent versus the Xetra close of October 16, 2026 at EUR 1,090.20. The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.