RWE (FRA:RWE) has been given a €18.00 ($22.22) price objective by analysts at Berenberg Bank in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price target would suggest a potential downside of 8.40% from the stock’s previous close.
Several other research analysts also recently commented on RWE. Societe Generale set a €21.60 ($26.67) target price on shares of RWE and gave the stock a “neutral” rating in a research note on Monday, November 13th. Commerzbank set a €17.70 ($21.85) price objective on shares of RWE and gave the company a “sell” rating in a research report on Tuesday, November 14th. Independent Research set a €22.50 ($27.78) price objective on shares of RWE and gave the company a “neutral” rating in a research report on Tuesday, November 14th. DZ Bank set a €21.00 ($25.93) price objective on shares of RWE and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of RWE in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of €20.61 ($25.45).
Shares of RWE (FRA:RWE) traded up €1.65 ($2.04) during midday trading on Monday, hitting €19.65 ($24.26). 34,189,517 shares of the company traded hands. RWE has a 12 month low of €13.63 ($16.83) and a 12 month high of €23.28 ($28.74). The stock has a market capitalization of $10,990.00 and a P/E ratio of -3.45.
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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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