RWE AG (RWE) PT Set at €21.60 by Societe Generale
RWE AG (FRA:RWE) received a €21.60 ($25.12) target price from research analysts at Societe Generale in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. Societe Generale’s price objective would indicate a potential downside of 2.28% from the stock’s current price.
A number of other research analysts have also issued reports on RWE. Morgan Stanley set a €20.40 ($23.72) target price on RWE AG and gave the stock a “neutral” rating in a report on Tuesday, July 18th. Sanford C. Bernstein set a €19.50 ($22.67) price target on RWE AG and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) set a €21.10 ($24.53) price target on RWE AG and gave the stock a “buy” rating in a research note on Thursday, July 20th. HSBC Holdings plc set a €22.50 ($26.16) price target on RWE AG and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG set a €22.00 ($25.58) price target on RWE AG and gave the stock a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €21.32 ($24.79).
RWE AG (RWE) traded down €0.34 ($0.40) during midday trading on Monday, hitting €22.14 ($25.74). 3,028,421 shares of the company’s stock were exchanged. RWE AG has a fifty-two week low of €11.01 ($12.80) and a fifty-two week high of €23.28 ($27.07).
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About RWE AG
RWE Aktiengesellschaft, an electricity and gas company, generates, distributes, and sells electricity, as well as produces, distributes, and sells gas. It operates through Conventional Power Generation, Trading/Gas Midstream, and Innogy segments. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and pumped-storage and run-of-river power plants, as well as generates heat.
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