UBS set a €24.80 ($29.52) price objective on RWE (FRA:RWE) in a research note published on Friday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also recently issued reports on RWE. Deutsche Bank set a €25.00 ($29.76) price objective on RWE and gave the stock a buy rating in a research report on Thursday, November 9th. Goldman Sachs Group set a €26.50 ($31.55) price objective on RWE and gave the stock a buy rating in a research report on Monday, November 6th. Societe Generale set a €21.60 ($25.71) price objective on RWE and gave the stock a neutral rating in a research report on Monday, November 13th. Commerzbank set a €17.70 ($21.07) price objective on RWE and gave the stock a sell rating in a research report on Tuesday, November 14th. Finally, Independent Research set a €22.50 ($26.79) price objective on RWE and gave the stock a neutral rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of €22.22 ($26.45).
RWE (FRA:RWE) opened at €19.22 ($22.88) on Friday. RWE has a 1 year low of €11.01 ($13.11) and a 1 year high of €23.28 ($27.71).
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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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