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RWE: Barclays says 'a mayor buying opportunity'

( - Barclays has confirmed its "overweight" recommendation and 54-euro target price for RWE, even seeing a "major buying opportunity" ahead of what it sees as "the imminent first passing of the German power price cap law".

"Importantly, the current draft of this law published by Klimareporter justifies continued positivity on RWE as the actual government proposals are better than expected," the broker, says, which expects the law to be voted on by 2 December.

RWE shares are currently up about 1.5%, outpacing the German market by around 1%.

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