RWE (RWE) Given a €18.00 Price Target at Berenberg Bank

RWE (FRA:RWE) has been given a €18.00 ($21.43) price objective by Berenberg Bank in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Berenberg Bank’s price target points to a potential upside of 1.61% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank set a €27.00 ($32.14) target price on shares of RWE and gave the company a “buy” rating in a report on Wednesday, December 6th. Goldman Sachs Group set a €27.60 ($32.86) target price on shares of RWE and gave the company a “buy” rating in a report on Monday, November 20th. UBS Group set a €24.80 ($29.52) target price on shares of RWE and gave the company a “buy” rating in a report on Friday, December 1st. Societe Generale set a €22.90 ($27.26) price objective on shares of RWE and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Royal Bank of Canada set a €25.50 ($30.36) price objective on shares of RWE and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of €21.54 ($25.65).

RWE (FRA:RWE) opened at €17.72 ($21.09) on Friday. RWE has a 1-year low of €11.83 ($14.08) and a 1-year high of €23.28 ($27.71). The stock has a market cap of $10,600.00 and a PE ratio of -3.11.

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About RWE

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.

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