Morgan Stanley Reiterates “€21.20” Price Target for RWE AG (RWE)
RWE AG (FRA:RWE) has been given a €21.20 ($24.65) price objective by Morgan Stanley in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 2.14% from the stock’s previous close.
A number of other analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) set a €21.10 ($24.53) price objective on shares of RWE AG and gave the company a “buy” rating in a research note on Thursday, July 20th. Credit Suisse Group set a €17.90 ($20.81) price objective on shares of RWE AG and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Societe Generale set a €21.60 ($25.12) price objective on shares of RWE AG and gave the company a “neutral” rating in a research note on Monday. Commerzbank Ag set a €17.70 ($20.58) price target on shares of RWE AG and gave the stock a “sell” rating in a research report on Tuesday. Finally, Independent Research GmbH set a €22.50 ($26.16) price target on shares of RWE AG and gave the stock a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of €21.68 ($25.20).
RWE AG (FRA:RWE) traded down €0.30 ($0.35) on Wednesday, hitting €20.76 ($24.13). 5,062,338 shares of the company traded hands. 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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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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