RWE (FRA:RWE) has been assigned a €34.00 ($39.53) price target by analysts at Royal Bank of Canada in a note issued to investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 32.24% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. Jefferies Financial Group set a €24.80 ($28.84) target price on RWE and gave the stock a “neutral” rating in a research report on Thursday. Credit Suisse Group set a €29.30 ($34.07) target price on RWE and gave the stock a “neutral” rating in a research report on Thursday, November 7th. HSBC set a €24.00 ($27.91) target price on RWE and gave the stock a “sell” rating in a research report on Friday, October 11th. Barclays set a €30.00 ($34.88) target price on RWE and gave the stock a “buy” rating in a research report on Thursday. Finally, Nord/LB set a €31.50 ($36.63) target price on RWE and gave the stock a “buy” rating in a research report on Wednesday, August 14th. 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 company’s stock. RWE currently has a consensus rating of “Buy” and an average target price of €27.00 ($31.40).
Shares of FRA:RWE opened at €25.71 ($29.90) on Thursday. 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 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.
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