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

RWE (FRA:RWE) has been assigned a €29.00 ($33.72) price target by equities researchers at Royal Bank of Canada in a research report issued on Monday, June 3rd, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 34.01% from the company’s previous close.

Several other brokerages also recently issued reports on RWE. Sanford C. Bernstein set a €27.50 ($31.98) price target on shares of RWE and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Berenberg Bank set a €26.00 ($30.23) price target on shares of RWE and gave the stock a “buy” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. set a €22.00 ($25.58) price target on shares of RWE and gave the stock a “neutral” rating in a research report on Monday, April 8th. Goldman Sachs Group set a €29.50 ($34.30) price target on shares of RWE and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Oddo Bhf set a €23.60 ($27.44) price target on shares of RWE and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of €24.94 ($28.99).

Shares of FRA RWE traded down €0.43 ($0.50) during mid-day trading on Monday, hitting €21.64 ($25.16). The stock had a trading volume of 4,258,578 shares. RWE has a twelve month low of €14.35 ($16.69) and a twelve month high of €23.28 ($27.07). The stock’s 50 day moving average price is €22.79.

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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Analyst Recommendations for RWE (FRA:RWE)

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