RWE (FRA:RWE) Given a €29.00 Price Target at UBS Group

RWE (FRA:RWE) received a €29.00 ($33.72) price target from analysts at UBS Group in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 12.88% from the company’s current price.

Several other research analysts also recently weighed in on RWE. JPMorgan Chase & Co. set a €22.00 ($25.58) price target on RWE and gave the company a “neutral” rating in a report on Thursday, November 14th. Sanford C. Bernstein set a €29.00 ($33.72) price target on RWE and gave the company a “buy” rating in a report on Monday. Credit Suisse Group set a €29.30 ($34.07) price target on RWE and gave the company a “neutral” rating in a report on Thursday, November 7th. Independent Research set a €29.00 ($33.72) price target on RWE and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada set a €34.00 ($39.53) price target on RWE and gave the company a “buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of €27.97 ($32.52).

Shares of RWE opened at €25.69 ($29.87) on Tuesday. The stock has a fifty day moving average of €26.89 and a two-hundred day moving average of €25.16. RWE has a fifty-two week low of €14.35 ($16.69) and a fifty-two 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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