Royal Bank of Canada set a €29.00 ($33.72) price objective on RWE (FRA:RWE) in a research note released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research firms have also recently weighed in on RWE. UBS Group set a €24.50 ($28.49) price target on RWE and gave the company a buy rating in a research note on Wednesday, May 15th. Macquarie set a €30.00 ($34.88) price target on RWE and gave the company a buy rating in a research note on Monday, June 17th. Oddo Bhf set a €23.60 ($27.44) price target on RWE and gave the company a neutral rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on RWE and gave the stock a neutral rating in a research report on Wednesday, May 15th. Finally, Kepler Capital Markets set a €18.00 ($20.93) price objective on RWE and gave the stock a sell rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. RWE currently has an average rating of Buy and an average price target of €25.08 ($29.16).
RWE opened at €25.05 ($29.13) on Tuesday. RWE has a 1-year low of €14.35 ($16.69) and a 1-year high of €23.28 ($27.07). The firm has a fifty day simple moving average of €23.19.
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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