JP Morgan Chase & Co. Reconfirms Its Neutral Rating on RWE (ETR:RWE) Shares Today

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RWE (ETR:RWE) Rating Reaffirmed

In a comprehensive report released by JP Morgan Chase & Co. on 3 December, The Rating on RWE (ETR:RWE) shares of a ‘Neutral’ was has reaffirmed.

From a total of 16 analysts covering RWE (ETR:RWE) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 8 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is €28 while the lowest target price is €9. The mean of all analyst targets is €15.89 with a 27.43% above today’s (€12.47) stock price. RWE was the topic of 46 analyst reports since July 3, 2015 according to the firm StockzIntelligence Inc. DZ-Bank AG downgraded shares on December 2 to “Sell” rating. Societe Generale upgraded shares to “Buy” rating and €14 target share price in a report from a November 7. HSBC downgraded RWE stock in a recent report from November 26 to “Reduce” rating. Credit Suisse maintained the rating on October 22. Credit Suisse has a “Neutral” rating and a €19.80 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a November 13.

The stock decreased 1.77% or EUR 0.22 on December 2, striking EUR 12.47. Approximately 10.39M shares of stock traded hands or 104.53% up from the average. RWE AG (ETR:RWE) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.

JP Morgan Chase & Co. Reconfirms Its Neutral Rating on RWE (ETR:RWE) Shares Today

RWE AG is an electricity and gas company. The company has a market cap of 7.55 billion EUR. The Firm engages in lignite production; electricity generation from gas, coal, nuclear and renewables, and in energy trading, as well as electricity and gas distribution and supply. It has 7.73 P/E ratio. The Company’s markets include Germany, the Benelux region, the United Kingdom, and Central Eastern and South Eastern Europe.

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