FRANKFURT (dpa-AFX Broker) - Rheinmetall shares are still flying high. On Thursday, they reached another record high and last traded just below 332.30 euros, an increase of two percent. The investment house Stifel still sees plenty of upside potential with a significantly raised target price of 420 euros.

After the share price doubled in 2022, Rheinmetall was the strongest stock on the DAX in 2023, up 54%. In 2024, they are once again ahead with a current plus of 15.8 percent. Increasing armed conflicts in many regions of the world are causing countries to arm themselves. This gives armaments companies like Rheinmetall planning security - and drives their profits./ajx/mis