Commerzbank Corporates & Markets Reiterates Reduce on RWE AG (RWE)
RWE AG (FRA: RWE)‘s stock had its “reduce” rating restated by equities researchers at Commerzbank Corporates & Markets in a report issued on Tuesday. They currently have a $35.90 (€28) target price on the stock.
Shares of RWE AG traded up 0.74% during mid-day trading on Tuesday, hitting €35.012. RWE AG has a 52 week low of €25.734 and a 52 week high of €37.102.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated a “reduce” rating on shares of RWE AG in a research note to investors on Thursday, October 18th. They now have a $42.37 price target on the stock. Separately, analysts at Grupo Santander reiterated an “underweight” rating on shares of RWE AG in a research note to investors on Monday, October 8th. They now have a $53.44 price target on the stock.
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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