RWE (FRA:RWE) Given a €32.00 Price Target by Royal Bank of Canada Analysts

RWE (FRA:RWE) received a €32.00 ($37.21) price target from stock analysts at Royal Bank of Canada in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 6.88% from the company’s previous close.

Other equities research analysts have also issued reports about the company. HSBC set a €24.00 ($27.91) price objective on RWE and gave the stock a “sell” rating in a research note on Friday, October 11th. 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. Nord/LB set a €31.50 ($36.63) price objective on RWE and gave the stock a “buy” rating in a research note on Thursday, November 14th. Berenberg Bank set a €28.00 ($32.56) price objective on RWE and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Sanford C. Bernstein set a €29.00 ($33.72) price target on RWE and gave the stock a “buy” rating in a research note on Thursday, January 9th. Two equities 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of €28.48 ($33.12).

FRA:RWE opened at €29.94 ($34.81) on Tuesday. RWE has a one year low of €14.35 ($16.69) and a one year high of €23.28 ($27.07). The business has a fifty day moving average price of €26.96 and a 200-day moving average price of €26.06.

About RWE

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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