Jefferies Financial Group Reiterates “€24.80” Price Target for RWE (FRA:RWE)

Share on StockTwits

RWE (FRA:RWE) received a €24.80 ($28.84) target price from equities research analysts at Jefferies Financial Group in a report released on Thursday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 5.05% from the company’s previous close.

RWE has been the subject of several other research reports. Barclays set a €30.00 ($34.88) target price on RWE and gave the company a “buy” rating in a research note on Thursday. Sanford C. Bernstein set a €29.00 ($33.72) target price on RWE and gave the company a “buy” rating in a research note on Monday, October 14th. Goldman Sachs Group set a €33.00 ($38.37) target price on RWE and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada set a €29.00 ($33.72) target price on RWE and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, HSBC set a €24.00 ($27.91) target price on RWE and gave the company a “sell” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of €26.74 ($31.09).

Shares of RWE stock opened at €26.12 ($30.37) on Thursday. The stock has a 50-day simple moving average of €27.47 and a 200 day simple moving average of €24.79. RWE has a fifty-two week low of €14.35 ($16.69) and a fifty-two week high of €23.28 ($27.07).

About RWE

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.

Featured Article: How do CD ladders protect against rising interest rates?

Analyst Recommendations for RWE (FRA:RWE)

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.