Royal Bank of Canada set a €29.00 ($33.72) target price on RWE (FRA:RWE) in a research report released on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts also recently commented on the company. UBS Group set a €24.50 ($28.49) price objective on RWE and gave the stock a buy rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on RWE and gave the stock a neutral rating in a research note on Wednesday, July 31st. DZ Bank restated a buy rating on shares of RWE in a research note on Tuesday, July 30th. Goldman Sachs Group set a €33.00 ($38.37) price objective on RWE and gave the stock a buy rating in a research note on Monday, August 5th. Finally, Independent Research set a €26.00 ($30.23) price objective on RWE and gave the stock a neutral rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of €25.29 ($29.41).
Shares of RWE opened at €25.57 ($29.73) on Wednesday. The stock has a fifty day moving average price of €23.97 and a 200 day moving average price of €22.98. RWE has a 12 month low of €14.35 ($16.69) and a 12 month high of €23.28 ($27.07).
RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.
Further Reading: Are Wall Street analysts’ stock ratings worth following?
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