RWE (ETR:RWE) Just Hit With Downgrade From Kepler Cheuvreux. Will Other Analysts Also Downgrade the Stock?


RWE (ETR:RWE) Receives a Downgrade

In analysts note sent to clients and investors moments ago, Kepler Cheuvreux lowered their rating for shares of RWE (ETR:RWE) to a Reduce. Analysts currently have set a EUR 10.00 target price on the stock. Kepler Cheuvreux’s target price would indicate a possible downside of -9.50% from the current price of the stock.

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 39.71% above today’s (€10.98) stock price. RWE was the topic of 52 analyst reports since July 3, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 4 with “Hold” rating. UBS maintained shares with “Neutral” rating and €12.20 target share price in a report from a December 3. Independent Research upgraded RWE stock in a recent report from December 3 to “Buy” rating. Kepler Cheuvreux downgraded the rating on November 28. Kepler Cheuvreux has a “Reduce” rating and a €10 price target on shares. Finally, Goldman Sachs upgraded the stock to “Buy” rating in a report issued on a December 3.

The stock decreased 0.27% or EUR 0.03 on December 10, striking EUR 10.98. Approximately 7.40 million shares of stock traded hands or 23.95% up from the average. RWE AG (ETR:RWE) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.

 RWE (ETR:RWE) Just Hit With Downgrade From Kepler Cheuvreux. Will Other Analysts Also Downgrade the Stock?

RWE AG is an electricity and gas company. The company has a market cap of 6.51 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 6.8 P/E ratio. The Company’s markets include Germany, the Benelux region, the United Kingdom, and Central Eastern and South Eastern Europe.