Independent Research Reiterates “€24.00” Price Target for RWE (RWE)

Independent Research set a €24.00 ($27.91) price target on RWE (FRA:RWE) in a research report released on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on RWE. Sanford C. Bernstein set a €23.00 ($26.74) price objective on shares of RWE and gave the company a buy rating in a research report on Monday, January 28th. Kepler Capital Markets set a €18.00 ($20.93) price objective on shares of RWE and gave the company a sell rating in a research report on Monday. JPMorgan Chase & Co. set a €22.00 ($25.58) price objective on shares of RWE and gave the company a neutral rating in a research report on Wednesday. Jefferies Financial Group set a €20.00 ($23.26) price objective on shares of RWE and gave the company a neutral rating in a research report on Monday, April 29th. Finally, Berenberg Bank set a €26.00 ($30.23) price objective on shares of RWE and gave the company a buy rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of €24.76 ($28.79).

RWE stock traded down €0.14 ($0.16) during midday trading on Thursday, reaching €23.47 ($27.29). 3,503,074 shares of the company traded hands. RWE has a 12 month low of €14.35 ($16.69) and a 12 month 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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Analyst Recommendations for RWE (FRA:RWE)

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