Deutsche Bank sticks to its buy rating on Hensoldt

Deutsche Bank Research has confirmed its buy rating for shares of Hensoldt, a German defence and security solutions provider.

The bank has set a price target of 37 euros per share, which implies a potential upside of over 20% from the current share price.

In a research note, Deutsche Bank analyst David Perry highlighted Hensoldt's strong order backlog, which currently stands at over 5 billion euros. Perry also pointed to the company's positive earnings momentum, which is expected to continue in the coming years.

Hensoldt is a leading provider of defence and security solutions to customers around the world. The company's products and services include sensors, electronic warfare systems, and command and control systems.

The company has been benefiting from the increasing demand for defence spending in Europe and other regions. Hensoldt is also well-positioned to benefit from the growing trend towards digitalisation in the defence industry.

Deutsche Bank's buy rating on Hensoldt is in line with the consensus view of analysts. The average price target for Hensoldt is 36 euros per share, which implies a potential upside of over 18% from the current share price.