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Defense stocks unfazed despite geopolitical tensions
Stocks in focus: Armament stocks show mixed development despite geopolitical tensions. Renk recovers, Hensoldt remains stable, while Rheinmetall comes under pressure. Deutsche Bank removes buy recommendation. Discover the latest developments.
Defense stocks unfazed despite geopolitical tensions
Despite earlier record rallies at the beginning of the month, arms stocks such as Renk, Hensoldt and Rheinmetall were currently unable to benefit from the rising geopolitical tension. Renk has recorded a decline of almost a third since its peak at the beginning of April, but is currently showing slight signs of recovery. Hensoldt remains stable after a correction of up to 20 percent.
On the other hand, Rheinmetall recorded a downturn on Friday morning after Deutsche Bank withdrew its buy recommendation. Although analyst Christoph Laskawi raised his price target to 510 euros, which roughly corresponds to the current Xetra level, Rheinmetall shares had reached almost 572 euros at the beginning of April and have since corrected around twelve percent.
According to Laskawi, the short and medium-term prospects are appropriately assessed. Although he expects an increase in the group's medium-term targets during the capital market day, this seems to have already been taken into account in the current price. The future prospects for arms stocks therefore remain mixed as the geopolitical situation still appears uncertain.