Oddo Bhf set a €23.60 ($27.44) price objective on RWE (FRA:RWE) in a report released on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other analysts have also recently commented on the stock. Berenberg Bank set a €28.50 ($33.14) price objective on shares of RWE and gave the company a buy rating in a research note on Thursday. Barclays set a €27.00 ($31.40) price objective on shares of RWE and gave the company a buy rating in a research note on Wednesday. DZ Bank restated a buy rating on shares of RWE in a research note on Wednesday. Jefferies Financial Group set a €20.00 ($23.26) price objective on shares of RWE and gave the company a neutral rating in a research note on Wednesday. Finally, Goldman Sachs Group set a €30.50 ($35.47) price objective on shares of RWE and gave the company a buy rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of €24.76 ($28.79).
FRA RWE traded down €0.14 ($0.16) on Thursday, hitting €23.47 ($27.29). 3,503,074 shares of the company’s stock traded hands. RWE has a 1-year low of €14.35 ($16.69) and a 1-year high of €23.28 ($27.07).
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.
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