J.P. Morgan analyst Javier Garrido maintained a Buy rating on RWE AG (0HA0 – Research Report) on May 15 and set a price target of €47.50. The company’s shares closed last Friday at €32.08.
According to TipRanks, Garrido is a 5-star analyst with an average return of 11.7% and a 71.85% success rate.
In addition to J.P. Morgan, RWE AG also received a Buy from Deutsche Bank ‘s Olly Jeffery in a report issued on May 16. However, on May 15, Bernstein maintained a Hold rating on RWE AG (LSE: 0HA0).
Based on RWE AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €8.27 billion and a GAAP net loss of €34 million. In comparison, last year the company earned a revenue of €7.61 billion and had a GAAP net loss of €2.36 billion
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