RWE: UBS reduces target price
(CercleFinance.com) - UBS confirms its buy rating on the stock, with reduced target price of E46 (instead of E50).
The analyst believes that RWE is still one of the best stocks in the field of energy transition.
The German energy group confirmed its outlook for FY 2022, as published last July, with its dividend target of E0.90 per share for 2022, which it also maintains.
RWE is targeting FY net profit of 2.1 to 2.6 billion euros.
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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.
The analyst believes that RWE is still one of the best stocks in the field of energy transition.
The German energy group confirmed its outlook for FY 2022, as published last July, with its dividend target of E0.90 per share for 2022, which it also maintains.
RWE is targeting FY net profit of 2.1 to 2.6 billion euros.
Copyright (c) 2023 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.