RWE (FRA:RWE) Stock Crosses Above 200-Day Moving Average of $0.00

RWE AG (FRA:RWE) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $25.92. RWE shares last traded at $25.39, with a volume of 2,034,710 shares changing hands.

RWE has been the topic of a number of analyst reports. Berenberg Bank set a €28.00 ($32.56) price objective on shares of RWE and gave the company a “buy” rating in a research note on Tuesday, July 16th. Kepler Capital Markets set a €18.00 ($20.93) price objective on shares of RWE and gave the company a “sell” rating in a research note on Monday, May 13th. 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, May 15th. UBS Group set a €24.50 ($28.49) price objective on shares of RWE and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, Independent Research set a €26.00 ($30.23) price objective on shares of RWE and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. RWE presently has an average rating of “Buy” and an average price target of €25.29 ($29.41).

The company’s 50 day moving average is €23.67.

About RWE (FRA: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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