RWE AG (OTCMKTS:RWEOY – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $53.30.
RWEOY has been the subject of a number of recent analyst reports. Citigroup reiterated a “neutral” rating on shares of RWE in a research report on Wednesday, February 11th. Sanford C. Bernstein cut shares of RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Zacks Research upgraded shares of RWE from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of RWE in a research note on Thursday. Finally, Kepler Capital Markets raised shares of RWE from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th.
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RWE Price Performance
RWE (OTCMKTS:RWEOY – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.29 billion. RWE had a net margin of 17.96% and a return on equity of 4.79%. As a group, equities analysts anticipate that RWE will post 3.65 EPS 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.
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