RWE AG (FRA:RWE) has been assigned a €21.00 ($24.42) target price by investment analysts at DZ Bank AG in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. DZ Bank AG’s price target points to a potential downside of 1.25% from the stock’s previous close.
A number of other brokerages have also weighed in on RWE. Credit Suisse Group set a €17.90 ($20.81) price objective on RWE AG and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Deutsche Bank AG set a €22.00 ($25.58) price objective on RWE AG and gave the stock a “buy” rating in a research report on Friday, August 4th. Independent Research GmbH set a €20.50 ($23.84) price objective on RWE AG and gave the stock a “neutral” rating in a research report on Monday, August 14th. Sanford C. Bernstein set a €19.50 ($22.67) target price on RWE AG and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Finally, HSBC Holdings plc set a €23.50 ($27.33) target price on RWE AG and gave the stock a “buy” rating in a report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €21.60 ($25.11).
Shares of RWE AG (FRA:RWE) traded down €1.03 ($1.20) during mid-day trading on Tuesday, reaching €21.27 ($24.73). The company had a trading volume of 4,354,061 shares. RWE AG has a twelve month low of €11.01 ($12.80) and a twelve month high of €23.28 ($27.07).
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About RWE AG
RWE Aktiengesellschaft, an electricity and gas company, generates, distributes, and sells electricity, as well as produces, distributes, and sells gas. It operates through Conventional Power Generation, Trading/Gas Midstream, and Innogy segments. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and pumped-storage and run-of-river power plants, as well as generates heat.
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