Zacks Research upgraded shares of RWE (OTCMKTS:RWEOY – Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks reports.
A number of other brokerages have also recently commented on RWEOY. Morgan Stanley reiterated an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a research note on Monday, August 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research report on Monday, August 17th. Finally, Citigroup reissued a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, RWE presently has a consensus rating of “Moderate Buy” and an average target price of $53.30.
View Our Latest Stock Report on RWEOY
RWE Price Performance
About RWE
RWE AG is a Germany-based energy company engaged in the generation, trading and supply of electricity. Its business is centered on renewable energy, including onshore and offshore wind, solar power and battery storage, supported by flexible generation and energy trading activities.
The company develops, builds and operates energy projects and provides electricity-related services to commercial and residential customers through its supply businesses. RWE has also pursued technologies intended to support the energy transition, including green hydrogen and other lower-carbon energy solutions.
RWE traces its origins to the formation of Rheinisch-Westfälisches Elektrizitätswerk in 1898.
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