RWE AG (RWEOY) Given Average Recommendation of “Buy” by Brokerages
RWE AG (NASDAQ:RWEOY) has received a consensus recommendation of “Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.00.
Several equities research analysts have issued reports on RWEOY shares. Zacks Investment Research lowered shares of RWE AG from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 17th. Berenberg Bank lowered shares of RWE AG from a “buy” rating to a “hold” rating in a report on Monday, September 4th. HSBC Holdings plc upgraded shares of RWE AG from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Societe Generale lowered shares of RWE AG from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, BNP Paribas lowered shares of RWE AG from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 19th.
Shares of RWE AG (NASDAQ:RWEOY) traded up 3.76% during mid-day trading on Wednesday, hitting $24.30. 9,736 shares of the stock were exchanged. The stock’s 50-day moving average is $24.09 and its 200-day moving average is $20.66. The stock’s market capitalization is $13.99 billion. RWE AG has a 52 week low of $11.55 and a 52 week high of $25.80.
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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.
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