RWE AG (FRA:RWE) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of RWE AG (FRA:RWE) have been assigned an average rating of “Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is €24.94 ($28.99).

A number of equities analysts have weighed in on the company. Goldman Sachs Group set a €29.00 ($33.72) target price on RWE and gave the stock a “buy” rating in a research report on Wednesday. Barclays set a €27.00 ($31.40) target price on RWE and gave the stock a “buy” rating in a research report on Wednesday. Macquarie set a €30.00 ($34.88) target price on RWE and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada set a €29.00 ($33.72) target price on RWE and gave the stock a “buy” rating in a research report on Monday, June 3rd. Finally, Nord/LB set a €28.50 ($33.14) target price on RWE and gave the stock a “buy” rating in a research report on Friday, May 17th.

FRA:RWE traded down €0.10 ($0.12) during mid-day trading on Friday, reaching €22.73 ($26.43). The company’s stock had a trading volume of 7,429,879 shares. RWE has a 12-month low of €14.35 ($16.69) and a 12-month 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.

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Analyst Recommendations for RWE (FRA:RWE)

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