Royal Bank of Canada Reiterates “€29.00” Price Target for RWE (FRA:RWE)
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 brokerage currently has a buy rating on the stock.
A number of other research analysts have also weighed in on RWE. Oddo Bhf set a €23.90 ($27.79) price objective on RWE and gave the stock a neutral rating in a report on Friday, August 2nd. Barclays set a €27.00 ($31.40) price objective on RWE and gave the stock a buy rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on RWE and gave the stock a neutral rating in a report on Wednesday, July 31st. UBS Group set a €24.50 ($28.49) price objective on RWE and gave the stock a buy rating in a report on Wednesday, May 15th. Finally, HSBC set a €21.00 ($24.42) price objective on RWE and gave the stock a sell rating in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of €25.29 ($29.41).
RWE stock traded down €0.06 ($0.07) on Wednesday, reaching €25.48 ($29.63). 1,880,621 shares of the company’s stock were exchanged. The company has a fifty day moving average of €23.81. RWE has a twelve month low of €14.35 ($16.69) and a twelve 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.
See Also: P/E Growth (PEG)
Receive News & Ratings for RWE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RWE and related companies with MarketBeat.com's FREE daily email newsletter.