Independent Research GmbH set a €20.50 ($24.40) price target on RWE AG (FRA:RWE) in a research note issued to investors on Thursday. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also issued reports on RWE. Societe Generale set a €22.40 ($26.67) target price on shares of RWE AG and gave the company a buy rating in a research note on Thursday, June 8th. Deutsche Bank AG set a €22.00 ($26.19) target price on shares of RWE AG and gave the stock a buy rating in a research report on Thursday, June 8th. Berenberg Bank reissued a buy rating on shares of RWE AG in a research report on Wednesday, June 7th. Macquarie set a €22.00 ($26.19) target price on shares of RWE AG and gave the stock a buy rating in a research report on Thursday, June 8th. Finally, Oddo Securities set a €23.00 ($27.38) price target on shares of RWE AG and gave the company a buy rating in a report on Monday, June 12th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of €20.98 ($24.98).

RWE AG (FRA:RWE) opened at 19.377 on Thursday. The firm has a 50 day moving average price of €20.03 and a 200-day moving average price of €17.51. RWE AG has a 12 month low of €11.01 and a 12 month high of €21.60. The firm’s market capitalization is €11.92 billion.

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About RWE AG

RWE AG is a Germany-based electricity and gas company. It diversifies its activities into seven divisions: Germany, which consists of the Power Generation and Sales and Distribution Networks business area; Netherlands/Belgium; Great Britain; The Central Eastern and South Eastern Europe; Renewables; Upstream Gas and Oil, and Trading/Gas Midstream.

Analyst Recommendations for RWE AG (FRA:RWE)

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