HSBC Holdings plc Reiterates €10.30 Price Target for RWE AG (RWE)

HSBC Holdings plc Reiterates €10.30 Price Target for RWE AG (RWE)

HSBC Holdings plc set a €10.30 ($11.08) price target on RWE AG (FRA:RWE) in a research note published on Wednesday morning. The brokerage currently has a sell rating on the stock.

A number of other research firms have also recently weighed in on RWE. Credit Suisse Group set a €13.70 ($14.73) price target on RWE AG and gave the company a neutral rating in a research note on Tuesday, December 6th. Kepler Capital Markets set a €10.00 ($10.75) price target on RWE AG and gave the company a sell rating in a research note on Tuesday, October 25th. Nord/LB set a €16.00 ($17.20) price target on RWE AG and gave the company a buy rating in a research note on Wednesday, November 16th. Barclays PLC set a €11.40 ($12.26) price target on RWE AG and gave the company a sell rating in a research note on Tuesday, December 13th. Finally, DZ Bank AG restated a buy rating on shares of RWE AG in a research note on Friday, January 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. RWE AG presently has an average rating of Hold and a consensus target price of €14.37 ($15.46).

RWE AG (FRA:RWE) opened at 12.579 on Wednesday. The firm’s 50 day moving average price is €11.97 and its 200-day moving average price is €13.68. The company’s market capitalization is €7.79 billion. RWE AG has a one year low of €10.00 and a one year high of €16.45.

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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