RWE (FRA:RWE) Given a €28.00 Price Target at Berenberg Bank
Berenberg Bank set a €28.00 ($32.56) price target on RWE (FRA:RWE) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the stock. Oddo Bhf set a €23.90 ($27.79) price objective on shares of RWE and gave the company a neutral rating in a research report on Friday, August 2nd. Barclays set a €30.00 ($34.88) price objective on shares of RWE and gave the company a buy rating in a research report on Tuesday, September 17th. Royal Bank of Canada set a €29.00 ($33.72) price objective on shares of RWE and gave the company a buy rating in a research report on Wednesday, August 14th. UBS Group set a €28.60 ($33.26) price objective on shares of RWE and gave the company a buy rating in a research report on Tuesday, September 10th. Finally, HSBC set a €21.00 ($24.42) price objective on shares of RWE and gave the company a sell rating in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of €26.14 ($30.39).
Shares of RWE opened at €28.19 ($32.78) on Wednesday. The company has a 50-day moving average of €25.65 and a two-hundred day moving average of €23.56. RWE has a 12-month low of €14.35 ($16.69) and a 12-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.
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