RWE (FRA:RWE) Given a €29.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a €29.00 ($33.72) price objective on RWE (FRA:RWE) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on RWE. Berenberg Bank set a €28.00 ($32.56) price objective on RWE and gave the stock a buy rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on RWE and gave the stock a neutral rating in a research report on Wednesday, July 31st. Jefferies Financial Group set a €20.00 ($23.26) price objective on RWE and gave the stock a neutral rating in a research report on Wednesday, May 15th. Macquarie set a €30.00 ($34.88) price objective on RWE and gave the stock a buy rating in a research report on Monday, June 17th. Finally, UBS Group set a €24.50 ($28.49) price objective on RWE and gave the stock a buy rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. RWE presently has a consensus rating of Buy and an average price target of €25.29 ($29.41).

Shares of RWE traded down €0.06 ($0.07) during midday trading on Wednesday, reaching €25.48 ($29.63). The company had a trading volume of 1,880,621 shares. RWE has a 1-year low of €14.35 ($16.69) and a 1-year high of €23.28 ($27.07). The business has a 50 day simple moving average of €23.81.

RWE Company Profile

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for RWE (FRA:RWE)

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