RWE (FRA:RWE) has been assigned a €32.00 ($37.21) target price by Royal Bank of Canada in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 6.88% from the company’s current price.
RWE has been the topic of a number of other research reports. Jefferies Financial Group set a €24.80 ($28.84) target price on RWE and gave the stock a “neutral” rating in a report on Wednesday, November 20th. UBS Group set a €29.00 ($33.72) target price on RWE and gave the stock a “buy” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. set a €22.00 ($25.58) target price on RWE and gave the stock a “neutral” rating in a report on Friday, January 10th. Berenberg Bank set a €28.00 ($32.56) target price on RWE and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Independent Research set a €29.00 ($33.72) target price on RWE and gave the stock a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of €28.48 ($33.12).
RWE stock opened at €29.94 ($34.81) on Tuesday. RWE has a fifty-two week low of €14.35 ($16.69) and a fifty-two week high of €23.28 ($27.07). The business’s 50 day moving average price is €26.96 and its two-hundred day moving average price is €26.06.
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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