Royal Bank of Canada set a €29.00 ($33.72) price objective on RWE (FRA:RWE) in a research report report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently issued reports on RWE. Independent Research set a €26.00 ($30.23) price objective on RWE and gave the stock a neutral rating in a research note on Wednesday, July 31st. Oddo Bhf set a €23.90 ($27.79) price objective on RWE and gave the stock a neutral rating in a research note on Friday, August 2nd. DZ Bank reissued a buy rating on shares of RWE in a research note on Tuesday, July 30th. Barclays set a €27.00 ($31.40) price objective on RWE and gave the stock a buy rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on RWE and gave the stock a neutral rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of €25.29 ($29.41).
Shares of RWE stock opened at €25.57 ($29.73) on Wednesday. The stock has a 50-day moving average price of €23.97 and a 200 day moving average price of €22.98. RWE has a 1 year low of €14.35 ($16.69) and a 1 year high of €23.28 ($27.07).
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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