RWE (FRA:RWE) has been assigned a €19.50 ($24.07) price objective by analysts at Independent Research in a report released on Monday. The firm presently has a “neutral” rating on the stock. Independent Research’s price target would suggest a potential upside of 2.23% from the stock’s previous close.
Several other brokerages have also issued reports on RWE. Commerzbank set a €19.40 ($23.95) price target on RWE and gave the company a “buy” rating in a research note on Tuesday, February 20th. Morgan Stanley set a €20.10 ($24.81) price target on RWE and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Goldman Sachs Group set a €23.40 ($28.89) price target on RWE and gave the company a “buy” rating in a research note on Monday, January 15th. Berenberg Bank set a €18.00 ($22.22) price target on RWE and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, JPMorgan Chase & Co. set a €18.50 ($22.84) target price on RWE and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of €20.61 ($25.45).
RWE (FRA RWE) opened at €19.08 ($23.55) on Monday. RWE has a 12 month low of €13.63 ($16.83) and a 12 month high of €23.28 ($28.74). The stock has a market capitalization of $11,720.00 and a P/E ratio of -3.35.
RWE Company Profile
RWE Aktiengesellschaft, an electricity and gas company, generates, distributes, and sells electricity, as well as produces, distributes, and sells gas. It operates through Conventional Power Generation, Trading/Gas Midstream, and Innogy segments. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and pumped-storage and run-of-river power plants, as well as generates heat.
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