RWE AG (RWEOY) Receives Average Recommendation of “Buy” from Brokerages

Shares of RWE AG (NASDAQ:RWEOY) have earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.00.

RWEOY has been the subject of several recent analyst reports. HSBC Holdings plc upgraded RWE AG from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Deutsche Bank AG upgraded RWE AG from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) upgraded RWE AG from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Zacks Investment Research upgraded RWE AG from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, September 13th. Finally, Societe Generale cut RWE AG from a “buy” rating to a “hold” rating in a research report on Friday, September 15th.

Shares of RWE AG (NASDAQ:RWEOY) traded down 2.73% on Friday, reaching $24.19. The company’s stock had a trading volume of 14,949 shares. The stock’s market cap is $14.89 billion. RWE AG has a 52-week low of $11.55 and a 52-week high of $25.80. The firm’s 50 day moving average is $23.80 and its 200-day moving average is $19.81.

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RWE AG Company Profile

RWE AG (RWE) is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in production of lignite and electricity generation from gas, coal, nuclear and renewables, to energy trading and distribution, and the supply of electricity, gas and other solutions.

Analyst Recommendations for RWE AG (NASDAQ:RWEOY)

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