RWE AG (FRA:RWE) has been given a €23.00 ($27.38) price objective by research analysts at Macquarie in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on the company. BNP Paribas set a €19.00 ($22.62) price target on RWE AG and gave the company a “neutral” rating in a research note on Monday. Bank of America Corporation set a €21.70 ($25.83) price target on RWE AG and gave the company a “neutral” rating in a research note on Friday, September 8th. Sanford C. Bernstein set a €23.00 ($27.38) price target on RWE AG and gave the company a “neutral” rating in a research note on Thursday, September 7th. Deutsche Bank AG set a €25.00 ($29.76) price target on RWE AG and gave the company a “buy” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada set a €25.50 ($30.36) price objective on RWE AG and gave the stock a “buy” rating in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of €21.00 ($25.00).
Shares of RWE AG (FRA RWE) opened at 20.895 on Wednesday. The firm’s 50-day moving average price is €19.67 and its 200 day moving average price is €17.28. The stock’s market cap is €12.86 billion. RWE AG has a 1-year low of €11.01 and a 1-year high of €21.60.
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About RWE AG
RWE AG is a Germany-based electricity and gas company. It diversifies its activities into seven divisions: Germany, which consists of the Power Generation and Sales and Distribution Networks business area; Netherlands/Belgium; Great Britain; The Central Eastern and South Eastern Europe; Renewables; Upstream Gas and Oil, and Trading/Gas Midstream.
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