J P Morgan Chase & Co Reiterates “€18.50” Price Target for RWE AG (RWE)

J P Morgan Chase & Co set a €18.50 ($20.79) price objective on RWE AG (FRA:RWE) in a research report released on Thursday morning. The firm currently has a neutral rating on the stock.

Several other research firms have also recently commented on RWE. Barclays PLC set a €13.10 ($14.72) target price on shares of RWE AG and gave the stock a neutral rating in a research note on Tuesday, March 7th. Nord/LB set a €16.00 ($17.98) target price on shares of RWE AG and gave the stock a buy rating in a research note on Monday, March 6th. Goldman Sachs Group, Inc. (The) set a €16.00 ($17.98) target price on shares of RWE AG and gave the stock a neutral rating in a research note on Friday, March 3rd. Citigroup Inc. set a €14.00 ($15.73) target price on shares of RWE AG and gave the stock a neutral rating in a research note on Friday, March 3rd. Finally, Macquarie set a €17.50 ($19.66) target price on shares of RWE AG and gave the stock a buy rating in a research note on Wednesday, March 1st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €18.40 ($20.67).

RWE AG (RWE) opened at 19.497 on Thursday. RWE AG has a 12 month low of €11.01 and a 12 month high of €20.10. The firm’s market cap is €11.99 billion. The firm has a 50 day moving average of €16.87 and a 200-day moving average of €14.14.

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RWE AG Company Profile

RWE AG is a Germany-based electricity and gas company. It diversifies its activities into seven divisions: Germany, which consists of the Power Generation and Sales and Distribution Networks business area; Netherlands/Belgium; Great Britain; The Central Eastern and South Eastern Europe; Renewables; Upstream Gas and Oil, and Trading/Gas Midstream.

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