RWE: Barclays raises target price
(CercleFinance.com) - Analysts at Barclays have raised their target price for the RWE share to 30 euros from 27 euros on Tuesday, while reiterating their "overweight" rating and "top pick" status for the stock.
They believe that investors continue to ignore RWE's transformation into Europe's third-largest player in renewables.
Analysts have also increased their 2019 EPS estimates for the German utility group by 22%, citing "strong" first-half results and an increase in the company's guidelines.
The RWE stock is currently up 0.8% at 25.3 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
They believe that investors continue to ignore RWE's transformation into Europe's third-largest player in renewables.
Analysts have also increased their 2019 EPS estimates for the German utility group by 22%, citing "strong" first-half results and an increase in the company's guidelines.
The RWE stock is currently up 0.8% at 25.3 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.