Royal Bank of Canada set a €34.00 ($39.53) price objective on RWE (FRA:RWE) in a research report report published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
RWE has been the subject of a number of other research reports. Oddo Bhf set a €23.90 ($27.79) target price on shares of RWE and gave the stock a neutral rating in a research report on Friday, August 2nd. Goldman Sachs Group set a €33.00 ($38.37) target price on shares of RWE and gave the stock a buy rating in a research report on Thursday. UBS Group set a €31.00 ($36.05) target price on shares of RWE and gave the stock a buy rating in a research report on Thursday. Credit Suisse Group set a €29.30 ($34.07) target price on shares of RWE and gave the stock a neutral rating in a research report on Thursday, November 7th. Finally, DZ Bank reaffirmed a buy rating on shares of RWE in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of €27.25 ($31.68).
FRA:RWE opened at €25.68 ($29.86) on Thursday. RWE has a 12 month low of €14.35 ($16.69) and a 12 month high of €23.28 ($27.07). The company has a 50 day simple moving average of €27.38 and a two-hundred day simple moving average of €24.82.
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.
Further Reading: Support Level
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