RWE (ETR:RWE) Upgrade of Rating

In analysts note revealed today, Norddeutsche Landesbank upped shares of RWE (ETR:RWE) to “Buy” rating. The firm currently has a EUR 16.00 target on the stock. Norddeutsche Landesbank’s target would suggest a potential upside of 28.72 % from the stock’s last close price.

The company’s rating upgrade is welcomed by investors, as ETR:RWE is at the moment trading 0.04% higher at EUR 12.44 as of 6:07 PM Frankfurt time. RWE shares have [From2] 0% over the past 200 days, while the S&P500 has added 10.43% during the same time.

RWE (ETR:RWE) Profile

RWE AG is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in lignite production; electricity generation from gas, coal, nuclear and renewables, and energy trading and electricity and gas distribution and supply, as well as in developing and providing energy management solutions.

RWE (ETR:RWE) traded up 0.04% on 13 January, hitting EUR 12.44. A total of 3.48 million shares of the company’s stock traded hands. This is down from average of 4.90 million shares. RWE has a 52 week low of EUR 9.98 and a 52 week high of EUR 16.49. The company has a market cap of 7.53 billion EUR and a P/E ratio of 0.

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