RWE (RWE) PT Set at €23.00 by Royal Bank of Canada

RWE (FRA:RWE) has been assigned a €23.00 ($27.38) target price by analysts at Royal Bank of Canada in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 31.05% from the company’s current price.

A number of other analysts also recently issued reports on RWE. Berenberg Bank set a €18.00 ($21.43) target price on RWE and gave the stock a “neutral” rating in a research report on Friday, January 12th. UBS Group set a €20.50 ($24.40) target price on RWE and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Goldman Sachs Group set a €23.40 ($27.86) target price on RWE and gave the stock a “buy” rating in a research report on Monday, January 15th. JPMorgan Chase & Co. set a €18.50 ($22.02) target price on RWE and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Finally, Kepler Capital Markets set a €20.00 ($23.81) target price on RWE and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. RWE has an average rating of “Hold” and a consensus target price of €21.40 ($25.47).

Shares of RWE (RWE) opened at €17.55 ($20.89) on Thursday. RWE has a 52-week low of €11.97 ($14.25) and a 52-week high of €23.28 ($27.71). The stock has a market capitalization of $10,720.00 and a price-to-earnings ratio of -3.08.

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RWE Company Profile

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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