RWE AG (RWE) Given a €23.50 Price Target at Nord/LB
RWE AG (FRA:RWE) has been given a €23.50 ($27.33) price target by equities researchers at Nord/LB in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Nord/LB’s target price indicates a potential upside of 13.77% from the company’s current price.
Several other research firms have also recently weighed in on RWE. Credit Suisse Group set a €17.90 ($20.81) target price on RWE AG and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Deutsche Bank AG set a €22.00 ($25.58) price target on shares of RWE AG and gave the stock a “buy” rating in a report on Friday, August 4th. Independent Research GmbH set a €20.50 ($23.84) price target on shares of RWE AG and gave the stock a “neutral” rating in a report on Monday, August 14th. Sanford C. Bernstein set a €19.50 ($22.67) price target on shares of RWE AG and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Finally, set a €23.50 ($27.33) price target on shares of RWE AG and gave the stock a “buy” rating in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of €21.68 ($25.20).
RWE AG (FRA RWE) traded down €0.40 ($0.47) during midday trading on Wednesday, reaching €20.66 ($24.02). The company’s stock had a trading volume of 6,866,791 shares. RWE AG has a 12-month low of €11.01 ($12.80) and a 12-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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