RWE AG (RWE) Earns Neutral Rating from J P Morgan Chase & Co

RWE AG (FRA:RWE)‘s stock had its “neutral” rating reaffirmed by J P Morgan Chase & Co in a research report issued to clients and investors on Tuesday.

A number of other research firms also recently issued reports on RWE. Credit Suisse Group set a €17.90 ($20.81) price objective on shares of RWE AG and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Deutsche Bank AG set a €22.00 ($25.58) price objective on shares of RWE AG and gave the company a “buy” rating in a research note on Friday, August 4th. Independent Research GmbH set a €20.50 ($23.84) price objective on shares of RWE AG and gave the company a “neutral” rating in a research note on Monday, August 14th. Sanford C. Bernstein set a €19.50 ($22.67) price objective on shares of RWE AG and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Finally, HSBC Holdings plc set a €23.50 ($27.33) price objective on shares of RWE AG and gave the company a “buy” rating in a research note on Friday, August 25th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of €21.60 ($25.11).

RWE AG (FRA RWE) traded down €1.03 ($1.20) during midday trading on Tuesday, hitting €21.27 ($24.73). 4,354,061 shares of the stock were exchanged. RWE AG has a 1 year low of €11.01 ($12.80) and a 1 year high of €23.28 ($27.07).

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RWE AG Company Profile

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.

Analyst Recommendations for RWE AG (FRA:RWE)

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