RWE (FRA:RWE) Given a €26.00 Price Target at Independent Research

RWE (FRA:RWE) has been assigned a €26.00 ($30.23) price target by research analysts at Independent Research in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective would indicate a potential upside of 7.62% from the company’s previous close.

Several other analysts have also recently weighed in on RWE. Barclays boosted their price objective on shares of Varonis Systems from $71.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group reissued a “hold” rating and issued a $130.00 price objective on shares of Continental in a research note on Wednesday, May 15th. Nord/LB set a €31.50 ($36.63) price objective on shares of RWE and gave the stock a “buy” rating in a research note on Tuesday. Oddo Bhf set a €23.60 ($27.44) price objective on shares of RWE and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Finally, Kepler Capital Markets set a €11.00 ($12.79) target price on shares of E.On and gave the company a “buy” rating in a report on Monday, May 13th. Two research 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 a consensus rating of “Buy” and a consensus price target of €25.06 ($29.14).

Shares of RWE stock opened at €24.16 ($28.09) on Wednesday. RWE has a twelve month low of €14.35 ($16.69) and a twelve month high of €23.28 ($27.07). The business has a fifty day simple moving average of €23.08.

About RWE

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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Analyst Recommendations for RWE (FRA:RWE)

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