Rheinmetall after lost frigate deal, analysts defend the shares despite setback
Published on 06/25/2026 at 15:42 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWSBy Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 15:41.
Rheinmetall (DE0007030009) remains in focus on Xetra after the setback around the German navy’s F126 frigate project. Several research houses including Warburg Research, DZ Bank and Jefferies updated their views this week, according to current analyst reports.
What analysts are saying today
Warburg Research lowered its price target for Rheinmetall but maintained a Buy rating, speaking of a “credibility problem” after the frigate project was cancelled by the German defense ministry, according to a dpa-AFX flash reference cited by finanzen.at.Warburg flash via finanzen.at DZ Bank also reiterated a Buy recommendation on the shares on Thursday morning, as reported by finanzen.ch.finanzen.ch Rheinmetall page
Jefferies continues to rate Rheinmetall with Buy as well, according to a separate analyst note highlighted in the same news flow.finanzen.at Rheinmetall news overview The consensus view therefore remains clearly positive despite the recent share-price turbulence.
How the market is digesting the frigate shock
On Tuesday, Rheinmetall shares suffered a marked slide on Xetra after Germany stopped the multi-billion-euro F126 frigate project, which would have involved the group as a supplier, as several market reports from Reuters and dpa-AFX summarized this week.MarketScreener news overview The stock had reached a 52-week high of around 2,006 euros before the sharp reversal, according to BörsenNews.de data.BoersenNews Rheinmetall quote
Despite the lost naval contract, analysts emphasize Rheinmetall’s broad order book in land systems, ammunition and armored vehicles, which continues to benefit from higher defense budgets in NATO countries, as reflected in recent research comments and market coverage.Handelsblatt Rheinmetall dossier
All news and analysis on the Rheinmetall shares
Current headlines, analyst opinions and background on Rheinmetall can be found bundled in the ad-hoc-news topic overview and on the company’s Investor Relations page.
The business behind Rheinmetall
Rheinmetall generates most of its sales in defense technology, including armored vehicles such as the Puma infantry fighting vehicle, artillery systems, ammunition, air-defense solutions and electronic sensors, alongside a smaller civilian business in automotive components and industrial applications.
Where the shares trade today
The Rheinmetall shares (DE0007030009) trade on Xetra at around 949.70 euros as of 2026-06-25, 15:14, giving the DAX-listed group a market capitalization of roughly 43.6 billion euros according to BörsenNews.de data.
Key data on the Rheinmetall shares
- Company: Rheinmetall AG
- ISIN: DE0007030009
- WKN: 703000
- Ticker: RHM
- Trading venue: Xetra
- Price (as of 2026-06-25, 15:14): 949.70 EUR
- Market cap: 43.6 billion EUR (as of 2026-06-25)
- Sector / industry: Defense and industrial engineering
- Index membership: DAX, STOXX Europe 600, EURO STOXX 50
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities.
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