RWE AG (OTCMKTS:RWEOY – Get Free Report) has received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of RWE in a report on Monday, August 17th. Zacks Research cut RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 29th. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of RWE in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a research report on Monday, August 17th.
Read Our Latest Analysis on RWEOY
RWE Stock Up 3.1%
RWE Company Profile
RWE AG is a German energy company headquartered in Essen. Founded in 1898 as Rheinisch-Westfälisches Elektrizitätswerk, it has evolved from a regional electricity supplier into an international power-generation and energy-trading business.
The company develops and operates renewable energy projects, including offshore and onshore wind farms and solar facilities. Its portfolio also includes flexible generation, such as gas-fired power plants, as well as energy storage and electricity trading activities.
RWE serves energy markets across Europe, North America and the Asia-Pacific region.
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