Royal Bank of Canada Analysts Give RWE (FRA:RWE) a €34.00 Price Target

Royal Bank of Canada set a €34.00 ($39.53) price target on RWE (FRA:RWE) in a report released on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Credit Suisse Group set a €29.30 ($34.07) price objective on shares of RWE and gave the stock a neutral rating in a research report on Thursday, November 7th. Nord/LB set a €31.50 ($36.63) price objective on shares of RWE and gave the stock a buy rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on shares of RWE and gave the stock a neutral rating in a research report on Thursday. Barclays set a €30.00 ($34.88) price objective on shares of RWE and gave the stock a buy rating in a research report on Thursday. Finally, Berenberg Bank set a €28.00 ($32.56) price objective on shares of RWE and gave the stock a buy rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of €27.25 ($31.68).

Shares of RWE stock traded down €0.08 ($0.09) during trading on Thursday, hitting €25.71 ($29.90). The company had a trading volume of 3,890,239 shares. The stock’s 50-day moving average is €27.38 and its two-hundred day moving average is €24.82. RWE has a 52 week low of €14.35 ($16.69) and a 52 week high of €23.28 ($27.07).

RWE Company Profile

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.

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Analyst Recommendations for RWE (FRA:RWE)

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