Sanford C. Bernstein set a €27.00 ($31.40) price objective on RWE (FRA:RWE) in a research note published on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also recently commented on the stock. Berenberg Bank set a €28.00 ($32.56) price objective on shares of RWE and gave the company a buy rating in a research report on Tuesday, July 16th. Royal Bank of Canada set a €29.00 ($33.72) price target on shares of RWE and gave the stock a buy rating in a research report on Wednesday, August 14th. HSBC set a €21.00 ($24.42) price target on shares of RWE and gave the stock a sell rating in a research report on Monday, June 24th. JPMorgan Chase & Co. set a €22.00 ($25.58) price target on shares of RWE and gave the stock a neutral rating in a research report on Wednesday, August 14th. Finally, DZ Bank reissued a buy rating on shares of RWE in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of €25.42 ($29.56).
RWE opened at €25.23 ($29.34) on Tuesday. RWE has a 12 month low of €14.35 ($16.69) and a 12 month high of €23.28 ($27.07). The firm’s fifty day simple moving average is €24.43 and its 200 day simple moving average is €23.09.
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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