J.P. Morgan analyst Javier Garrido maintained a Buy rating on RWE AG (0HA0 – Research Report) today and set a price target of €47.50. The company’s shares closed last Friday at €31.16.
According to TipRanks, Garrido is ranked #1489 out of 9182 analysts.
RWE AG has an analyst consensus of Strong Buy, with a price target consensus of €43.23, which is a 38.72% upside from current levels. In a report released on November 22, UBS also maintained a Buy rating on the stock with a €45.00 price target.
The company has a one-year high of €42.30 and a one-year low of €28.18. Currently, RWE AG has an average volume of 1.15M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0HA0 in relation to earlier this year.
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RWE AG (0HA0) Company Description:
After the deal with E.On, pro forma RWE is refocused on power generation, mostly in Europe. It owns 46 gigawatts of power generation capacity: 37% from lignite and hard coal plants, 31% from gas plants, 21% from renewables, 6% from nuclear (which will be shut down by 2022), and 5% from other sources. Besides Germany, RWE’s power plants are chiefly located in the United Kingdom, the Netherlands, Turkey, and the United States for many onshore wind farms.
