RWE (FRA:RWE) has been given a €31.50 ($36.63) price target by Nord/LB in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Nord/LB’s target price would suggest a potential upside of 22.14% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Independent Research set a €29.00 ($33.72) price target on shares of RWE and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. 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 note on Thursday. Barclays set a €30.00 ($34.88) price target on shares of RWE and gave the stock a “buy” rating in a research note on Thursday. Berenberg Bank set a €28.00 ($32.56) price target on shares of RWE and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, HSBC set a €24.00 ($27.91) price target on shares of RWE and gave the stock a “sell” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of €27.00 ($31.40).
RWE traded down €0.65 ($0.76) during trading on Thursday, reaching €25.79 ($29.99). 7,728,424 shares of the company’s stock were exchanged. RWE has a fifty-two week low of €14.35 ($16.69) and a fifty-two week high of €23.28 ($27.07). The business has a 50 day moving average price of €27.47 and a 200 day moving average price of €24.79.
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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