DZ Bank Reiterates “Buy” Rating for RWE (FRA:RWE)

DZ Bank reiterated their buy rating on shares of RWE (FRA:RWE) in a report issued on Thursday morning, Borsen Zeitung reports.

A number of other equities research analysts also recently weighed in on the company. Nord/LB set a €31.50 ($36.63) price target on RWE and gave the company a buy rating in a research report on Thursday. Royal Bank of Canada set a €34.00 ($39.53) price target on RWE and gave the company a buy rating in a research report on Thursday. Jefferies Financial Group set a €24.80 ($28.84) price target on RWE and gave the company a neutral rating in a research report on Thursday. Goldman Sachs Group set a €33.00 ($38.37) price target on RWE and gave the company a buy rating in a research report on Thursday. Finally, HSBC set a €24.00 ($27.91) price target on RWE and gave the company a sell rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of €27.25 ($31.68).

FRA RWE opened at €25.68 ($29.86) on Thursday. The stock’s 50-day simple moving average is €27.38 and its two-hundred day simple moving average is €24.82. RWE has a twelve month low of €14.35 ($16.69) and a twelve month 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.

Further Reading: What is Depreciation?

Analyst Recommendations for RWE (FRA:RWE)

Receive News & Ratings for RWE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RWE and related companies with MarketBeat.com's FREE daily email newsletter.