Bank of America Corporation Analysts Give RWE AG (RWE) a €21.70 Price Target
RWE AG (FRA:RWE) received a €21.70 ($25.83) price objective from investment analysts at Bank of America Corporation in a report released on Friday. The brokerage currently has a “neutral” rating on the stock.
Several other analysts also recently commented on the stock. Sanford C. Bernstein set a €23.00 ($27.38) price objective on shares of RWE AG and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank AG set a €25.00 ($29.76) price objective on shares of RWE AG and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada set a €25.50 ($30.36) price objective on shares of RWE AG and gave the company a “buy” rating in a research report on Tuesday. Kepler Capital Markets set a €18.00 ($21.43) price target on shares of RWE AG and gave the company a “sell” rating in a report on Monday, September 4th. Finally, Berenberg Bank set a €21.20 ($25.24) price target on shares of RWE AG and gave the company a “neutral” rating in a report on Monday, September 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. RWE AG has a consensus rating of “Hold” and a consensus target price of €20.96 ($24.95).
RWE AG (FRA:RWE) traded down 0.304% on Friday, hitting €21.296. 4,808 shares of the stock traded hands. The stock’s market cap is €13.10 billion. The company’s 50 day moving average price is €19.47 and its 200-day moving average price is €17.12. RWE AG has a 52-week low of €11.01 and a 52-week high of €21.47.
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About RWE AG
RWE AG is a Germany-based electricity and gas company. It diversifies its activities into seven divisions: Germany, which consists of the Power Generation and Sales and Distribution Networks business area; Netherlands/Belgium; Great Britain; The Central Eastern and South Eastern Europe; Renewables; Upstream Gas and Oil, and Trading/Gas Midstream.
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