RWE AG (RWE) Given Consensus Recommendation of “Hold” by Brokerages
Shares of RWE AG (FRA:RWE) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is €22.51 ($26.80).
A number of research analysts have recently issued reports on RWE shares. Goldman Sachs Group set a €27.60 ($32.86) price objective on shares of RWE and gave the company a “buy” rating in a report on Monday, November 20th. Royal Bank Of Canada set a €25.50 ($30.36) price objective on shares of RWE and gave the company a “buy” rating in a report on Tuesday, October 3rd. Deutsche Bank set a €22.00 ($26.19) price objective on shares of RWE and gave the company a “buy” rating in a report on Wednesday, August 23rd. Kepler Capital Markets set a €18.00 ($21.43) price objective on shares of RWE and gave the company a “sell” rating in a report on Monday, September 4th. Finally, Bank of America set a €21.70 ($25.83) price objective on shares of RWE and gave the company a “neutral” rating in a report on Friday, September 8th.
Shares of RWE (RWE) opened at €20.14 ($23.98) on Monday. RWE has a 52 week low of €11.01 ($13.11) and a 52 week high of €23.28 ($27.71).
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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