Morgan Stanley set a €32.00 ($37.21) target price on RWE (FRA:RWE) in a research report report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research analysts have also issued reports on the company. Berenberg Bank set a €28.00 ($32.56) target price on RWE and gave the stock a buy rating in a research report on Wednesday, September 18th. Royal Bank of Canada set a €34.00 ($39.53) target price on RWE and gave the stock a buy rating in a research report on Thursday, November 14th. Kepler Capital Markets set a €18.00 ($20.93) target price on RWE and gave the stock a sell rating in a research report on Monday, November 25th. Sanford C. Bernstein set a €29.00 ($33.72) price objective on RWE and gave the company a buy rating in a research report on Monday. Finally, Goldman Sachs Group set a €33.00 ($38.37) price objective on RWE and gave the company a buy rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of €27.97 ($32.52).
Shares of FRA:RWE opened at €25.77 ($29.97) on Monday. RWE has a 52-week low of €14.35 ($16.69) and a 52-week high of €23.28 ($27.07). The stock has a 50 day moving average price of €26.89 and a 200-day moving average price of €25.16.
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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