Independent Research Analysts Give RWE (FRA:RWE) a €29.00 Price Target
Independent Research set a €29.00 ($33.72) price target on RWE (FRA:RWE) in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other analysts have also recently issued reports on the company. Macquarie set a €30.00 ($34.88) target price on RWE and gave the company a buy rating in a report on Monday, June 17th. JPMorgan Chase & Co. set a €22.00 ($25.58) target price on RWE and gave the company a neutral rating in a report on Wednesday, August 14th. HSBC set a €21.00 ($24.42) target price on RWE and gave the company a sell rating in a report on Monday, June 24th. UBS Group set a €27.50 ($31.98) target price on RWE and gave the company a buy rating in a report on Wednesday, August 21st. Finally, Oddo Bhf set a €23.90 ($27.79) target price on RWE and gave the company a neutral rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of €26.01 ($30.24).
Shares of FRA:RWE opened at €26.56 ($30.88) on Tuesday. The business has a fifty day moving average of €25.24 and a two-hundred day moving average of €23.38. RWE has a 52-week low of €14.35 ($16.69) and a 52-week 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.
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