RWE (ETR:RWE) Stock Upgrade
In a recent research report issued to clients and investors on Friday, 18 December, equity analysts at the Independent Research GmbH equities division boosted shares of RWE (ETR:RWE) to a respectable “Buy” rating. They now have a target set at EUR 14.30 on RWE equating to 27.34% more upside.
From a total of 18 analysts covering RWE (ETR:RWE) stock, 4 rate it a ”Buy”, 3 a “Sell”, and 11 a ”Hold”. This means that 22% 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 €15.34 with a 37.21% above today’s (€11.18) stock price. RWE was the topic of 54 analyst reports since July 3, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 16 with “Neutral” rating. UBS maintained shares with “Neutral” rating and €12.20 target share price in a report from a December 3. Jefferies maintained RWE stock in a recent report from December 4 with “Hold” rating. HSBC downgraded the rating on November 26. HSBC has a “Reduce” rating and a €10.50 price target on shares. Finally, Independent Research upgraded the stock to “Buy” rating in a report issued on a December 3.
The stock increased 1.36% or EUR 0.15 on December 17, striking EUR 11.18. Approximately 5.45M shares of stock traded hands. RWE AG (ETR:RWE) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.
RWE AG is an electricity and gas company. The company has a market cap of 6.55 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 6.93 P/E ratio. The Company’s markets include Germany, the Benelux region, the United Kingdom, and Central Eastern and South Eastern Europe.