RWE (FRA:RWE) Given a €29.00 Price Target by Goldman Sachs Group Analysts

RWE (FRA:RWE) received a €29.00 ($33.72) price target from stock analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 17.69% from the company’s current price.

RWE has been the subject of a number of other reports. Barclays set a €27.00 ($31.40) price objective on RWE and gave the stock a “buy” rating in a report on Wednesday, June 19th. Kepler Capital Markets set a €18.00 ($20.93) price objective on RWE and gave the stock a “sell” rating in a report on Monday, May 13th. DZ Bank restated a “buy” rating on shares of RWE in a research note on Tuesday. UBS Group set a €24.50 ($28.49) target price on RWE and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Independent Research set a €24.00 ($27.91) target price on RWE and gave the stock a “neutral” rating in a research note on Monday, July 1st. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of €25.06 ($29.14).

Shares of RWE opened at €24.64 ($28.65) on Tuesday. The business’s 50 day moving average is €23.10. RWE has a 52 week low of €14.35 ($16.69) and a 52 week high of €23.28 ($27.07).

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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