Independent Research Reiterates €19.50 Price Target for RWE (RWE)

RWE (FRA:RWE) has been assigned a €19.50 ($22.67) price objective by Independent Research in a research note issued on Wednesday. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential upside of 4.19% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. DZ Bank reaffirmed a “buy” rating on shares of RWE in a report on Wednesday, September 26th. Nord/LB set a €27.00 ($31.40) price target on shares of RWE and gave the stock a “buy” rating in a report on Wednesday, September 19th. UBS Group set a €22.60 ($26.28) price target on shares of RWE and gave the stock a “buy” rating in a report on Monday, October 8th. Sanford C. Bernstein set a €25.00 ($29.07) price objective on shares of RWE and gave the company a “buy” rating in a research note on Monday, October 1st. Finally, BNP Paribas set a €23.80 ($27.67) price objective on shares of RWE and gave the company a “neutral” rating in a research note on Monday, September 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of €23.49 ($27.31).

FRA:RWE opened at €18.72 ($21.76) on Wednesday. RWE has a 12 month low of €14.35 ($16.69) and a 12 month high of €23.28 ($27.07).

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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