RWE AG (RWE) Given Buy Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of RWE AG (FRA:RWE) in a report issued on Wednesday morning.

A number of other brokerages have also recently commented on RWE. Kepler Capital Markets set a €16.00 ($17.98) price objective on shares of RWE AG and gave the stock a buy rating in a research note on Thursday, March 30th. Royal Bank Of Canada set a €20.00 ($22.47) price target on shares of RWE AG and gave the stock a buy rating in a research note on Friday, March 10th. DZ Bank AG reaffirmed a neutral rating on shares of RWE AG in a research note on Monday, May 15th. J P Morgan Chase & Co set a €14.00 ($15.73) price target on shares of RWE AG and gave the stock a buy rating in a research note on Wednesday, March 15th. Finally, Goldman Sachs Group, Inc. (The) set a €15.00 ($16.85) price target on shares of RWE AG and gave the stock a neutral rating in a research note on Wednesday, February 8th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. RWE AG has an average rating of Hold and an average price target of €18.40 ($20.67).

RWE AG (FRA RWE) opened at 19.446 on Wednesday. The firm’s 50-day moving average price is €16.79 and its 200-day moving average price is €14.09. RWE AG has a 1-year low of €11.01 and a 1-year high of €20.10. The firm’s market cap is €11.95 billion.

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About RWE AG

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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