RWE (FRA:RWE) received a €34.60 ($40.23) price target from equities research analysts at Morgan Stanley in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 12.12% from the company’s previous close.
Several other research analysts have also issued reports on RWE. Nord/LB set a €31.50 ($36.63) price target on shares of RWE and gave the stock a “buy” rating in a research report on Thursday, November 14th. HSBC set a €24.00 ($27.91) price objective on RWE and gave the company a “sell” rating in a research report on Friday, October 11th. Royal Bank of Canada set a €32.00 ($37.21) price objective on RWE and gave the stock a “buy” rating in a research note on Tuesday. DZ Bank set a €33.00 ($38.37) price objective on RWE and gave the stock a “buy” rating in a research note on Monday. Finally, Kepler Capital Markets set a €18.00 ($20.93) target price on RWE and gave the stock a “sell” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of €28.99 ($33.71).
Shares of FRA:RWE traded up €0.82 ($0.95) during trading hours on Friday, hitting €30.86 ($35.88). 4,473,041 shares of the company’s stock traded hands. The company’s fifty day simple moving average is €27.02 and its two-hundred day simple moving average is €26.10. RWE has a 52 week low of €14.35 ($16.69) and a 52 week high of €23.28 ($27.07).
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.
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