Royal Bank of Canada set a €36.00 ($41.86) price objective on RWE (FRA:RWE) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Berenberg Bank set a €34.50 ($40.12) target price on shares of RWE and gave the stock a buy rating in a report on Friday, January 17th. DZ Bank reissued a buy rating on shares of RWE in a report on Monday, January 20th. Nord/LB set a €35.00 ($40.70) price objective on shares of RWE and gave the company a buy rating in a report on Friday, January 17th. Goldman Sachs Group set a €37.00 ($43.02) price objective on shares of RWE and gave the company a buy rating in a report on Thursday, January 30th. Finally, UBS Group set a €35.00 ($40.70) price objective on shares of RWE and gave the company a buy rating in a report on Monday, January 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of €31.59 ($36.74).
Shares of RWE stock opened at €33.35 ($38.78) on Wednesday. The company has a 50-day simple moving average of €30.16 and a 200 day simple moving average of €27.40. RWE has a 52 week low of €14.35 ($16.69) and a 52 week high of €23.28 ($27.07).
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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