RWE (FRA:RWE) has been given a €31.00 ($36.05) target price by investment analysts at UBS Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 20.58% from the company’s previous close.
Several other equities research analysts also recently weighed in on RWE. Independent Research set a €29.00 ($33.72) price target on RWE and gave the stock a “neutral” rating in a report on Tuesday, October 1st. DZ Bank restated a “buy” rating on shares of RWE in a report on Tuesday, September 17th. Goldman Sachs Group set a €33.00 ($38.37) price target on RWE and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada set a €29.00 ($33.72) price target on RWE and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Jefferies Financial Group set a €24.80 ($28.84) price target on RWE and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of €27.00 ($31.40).
Shares of FRA RWE opened at €25.71 ($29.90) on Thursday. The stock’s 50-day moving average is €27.38 and its two-hundred day moving average is €24.82. RWE has a 1-year low of €14.35 ($16.69) and a 1-year 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: Depreciation
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