Zacks Investment Research upgraded shares of Rwe Ag Sp (OTCMKTS:RWEOY) from a hold rating to a buy rating in a research note issued to investors on Thursday, Zacks.com reports. They currently have $39.00 price target on the utilities provider’s stock.
According to Zacks, “RWE AG is among Europe’s five largest utilities. RWE is active in the generation and transmission as well as the sale and trading of electricity and gas. RWE is also active in the water business in Continental Europe. This integrated business model gives them a good position from which to take advantage of the rising demand for energy. RWE is the biggest power producer in Germany and No. 2 in the UK. RWE continues to expand its position in Central and South-Eastern Europe. Their comprehensive power plant portfolio and investment programme for the modernization and construction of new generation capacity are the basis for growing earnings in the future. RWE’s gas and oil production business is displaying above-average growth. In light of ever-higher global demand, RWE will steadily increase the share of gas it produces in-house. “
A number of other analysts have also issued reports on the company. ValuEngine lowered Rwe Ag Sp from a hold rating to a sell rating in a research report on Friday, January 10th. Royal Bank of Canada downgraded shares of Rwe Ag Sp from a top pick rating to an outperform rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $39.00.
OTCMKTS RWEOY traded down $0.03 on Thursday, reaching $34.50. The stock had a trading volume of 53,199 shares, compared to its average volume of 26,268. The firm has a market capitalization of $21.23 billion, a price-to-earnings ratio of -90.79, a P/E/G ratio of 1.10 and a beta of 0.97. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.23. Rwe Ag Sp has a 12-month low of $23.76 and a 12-month high of $34.80. The stock has a fifty day moving average price of $30.67 and a two-hundred day moving average price of $29.40.
Rwe Ag Sp (OTCMKTS:RWEOY) last announced its earnings results on Friday, November 15th. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $2.42 billion during the quarter. Sell-side analysts forecast that Rwe Ag Sp will post 2.08 earnings per share for the current fiscal year.
About Rwe Ag Sp
RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.
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