Societe Generale Reiterates €16.50 Price Target for RWE (RWE)

RWE (FRA:RWE) has been assigned a €16.50 ($19.64) price objective by investment analysts at Societe Generale in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Societe Generale’s target price suggests a potential downside of 6.28% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on RWE. Morgan Stanley set a €21.20 ($25.24) price objective on shares of RWE and gave the company a “neutral” rating in a research report on Monday. UBS Group set a €20.50 ($24.40) price objective on shares of RWE and gave the company a “buy” rating in a research report on Monday. Berenberg Bank set a €18.00 ($21.43) price objective on shares of RWE and gave the company a “neutral” rating in a research report on Friday, January 12th. Goldman Sachs Group set a €23.40 ($27.86) price objective on shares of RWE and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Royal Bank of Canada set a €23.00 ($27.38) price objective on shares of RWE and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €21.30 ($25.36).

Shares of RWE (RWE) opened at €17.61 ($20.96) on Monday. The stock has a market cap of $10,720.00 and a PE ratio of -3.09. RWE has a 12 month low of €11.97 ($14.25) and a 12 month high of €23.28 ($27.71).

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About RWE

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.

Analyst Recommendations for RWE (FRA:RWE)

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