(News Bulletin 247) – UBS confirms its advice to buy the stock with a target lowered to 46 E (instead of 50 E). The analyst believes that RWE is still among the best values in the field of energy transition.
“We think the consensus is at a reasonable level and the long-term view remains very strong,” UBS said.
The German energy group confirmed its outlook for the 2022 financial year published last July, its dividend target of 0.90 euros per share for 2022 also remaining unchanged.
For the full year, RWE is targeting a net profit of between 2.1 and 2.6 billion euros.
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