FRANKFURT (dpa-AFX) – RWE shares continued their upward trajectory on Thursday, climbing above 50 euros for the first time since 2011. Most recently, the stock rose 1.8 percent to 50.24 euros in the largely unchanged DAX index.
The boost came following a successful award at British offshore auctions the previous day, accompanied by numerous positive analyst comments. For instance, Peter Bisztyga from Bank of America raised his price target by 3 euros to 59 euros, now the highest target among all research houses monitored by dpa-AFX.
Metzler analyst Guido Hoymann had increased his target to 57 euros the previous day, noting that RWE secured contracts for four major projects with a combined capacity of 6.9 gigawatts—an impressive feat considering the company’s current total capacity of about 40 gigawatts./ck/jha/
