JPMorgan Chase & Co. Analysts Give RWE (FRA:RWE) a €18.50 Price Target
RWE (FRA:RWE) received a €18.50 ($22.84) price target from JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, January 3rd. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 9.86% from the stock’s current price.
Several other research firms have also commented on RWE. DZ Bank reiterated a “neutral” rating on shares of RWE in a research note on Thursday, December 14th. Nord/LB set a €23.50 ($29.01) price objective on RWE and gave the stock a “buy” rating in a research note on Thursday, December 14th. Commerzbank set a €23.10 ($28.52) price objective on RWE and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Independent Research set a €19.50 ($24.07) price objective on RWE and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs Group set a €24.60 ($30.37) target price on RWE and gave the stock a “buy” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of €21.30 ($26.30).
RWE (FRA RWE) traded up €0.08 ($0.10) during midday trading on Wednesday, hitting €16.84 ($20.79). The company’s stock had a trading volume of 35,263 shares. The stock has a market cap of $10,240.00 and a price-to-earnings ratio of -2.95. RWE has a twelve month low of €11.97 ($14.78) and a twelve month high of €23.28 ($28.74).
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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