Jefferies Financial Group Reiterates “€20.00” Price Target for RWE (FRA:RWE)
Jefferies Financial Group set a €20.00 ($23.26) price objective on RWE (FRA:RWE) in a research report report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also commented on RWE. HSBC set a €21.00 ($24.42) price objective on RWE and gave the company a sell rating in a report on Monday, June 24th. DZ Bank reaffirmed a buy rating on shares of RWE in a report on Tuesday, July 30th. Macquarie set a €30.00 ($34.88) price objective on RWE and gave the company a buy rating in a report on Monday, June 17th. Barclays set a €27.00 ($31.40) price objective on RWE and gave the company a buy rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada set a €29.00 ($33.72) price objective on RWE and gave the company a buy rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. RWE has a consensus rating of Buy and an average price target of €25.29 ($29.41).
RWE stock opened at €25.57 ($29.73) on Wednesday. RWE has a 1-year low of €14.35 ($16.69) and a 1-year high of €23.28 ($27.07). The business’s 50 day simple moving average is €23.97 and its 200 day simple moving average is €22.98.
RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.
Further Reading: Why do companies issue convertible shares?
Receive News & Ratings for RWE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RWE and related companies with MarketBeat.com's FREE daily email newsletter.