RWE AG (OTCMKTS:RWEOY – Get Free Report) saw unusually-strong trading volume on Wednesday. 60,550 shares changed hands during trading, a decline of 25% from the previous session’s volume of 80,315 shares. The stock last traded at $65.39 and had previously closed at $63.95.
Analyst Ratings Changes
Several equities research analysts have issued reports on RWEOY shares. Zacks Research raised RWE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of RWE in a research note on Monday, August 17th. Citigroup reissued a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research report on Monday, August 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of RWE in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, RWE has a consensus rating of “Moderate Buy”.
RWE Stock Performance
The company has a market cap of $46.45 billion, a PE ratio of 17.57, a PEG ratio of 1.19 and a beta of 0.58. The stock has a 50 day simple moving average of $67.15 and a two-hundred day simple moving average of $66.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.35 and a quick ratio of 1.29.
RWE Company Profile
RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.
RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.
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