After an unexpectedly strong second quarter, the energy group RWE raises its targets for the current year. Above all, high margins in power generation through water, biomass and gas provided tailwind.
The prospect of higher profits has driven the shares of RWE, which have been floundering for months, in the middle of the week. The energy company s shares had risen by up to 3 percent on Wednesday,.
Already positive, the research from UBS and its analyst Sam Arie still consider the stock as a Buy opportunity. The target price has been revised upwards and is now set at EUR 7.00, compared with EUR.
In a research note, UBS analyst Sam Arie has maintained his recommendation on the stock with a Neutral rating. The target price remains unchanged at GBX 1135.