RWE AG (OTCMKTS:RWEOY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of RWE AG (OTCMKTS:RWEOY) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $53.30.

A number of analysts have commented on the stock. Zacks Research upgraded shares of RWE from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Kepler Capital Markets upgraded shares of RWE from a “strong sell” rating to a “hold” rating in a research note on Monday. Sanford C. Bernstein downgraded shares of RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Citigroup reiterated a “neutral” rating on shares of RWE in a report on Wednesday, February 11th.

RWE Trading Up 2.2%

Shares of RWE stock opened at $66.28 on Tuesday. The stock has a market cap of $48.12 billion, a P/E ratio of 13.58 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.30 and a debt-to-equity ratio of 0.42. RWE has a 12-month low of $33.83 and a 12-month high of $66.47. The business’s 50 day moving average is $61.49 and its 200-day moving average is $52.87.

RWE (OTCMKTS:RWEOY) last released its earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.25. The business had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.29 billion. RWE had a net margin of 17.96% and a return on equity of 4.96%. Equities research analysts predict that RWE will post 3.18 earnings per share for the current fiscal year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.