RWE AG (OTCMKTS:RWEOY – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $65.44 and traded as high as $65.9701. RWE shares last traded at $65.62, with a volume of 44,693 shares trading hands.
Wall Street Analysts Forecast Growth
RWEOY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of RWE in a report on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of RWE in a research report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of RWE in a research note on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of RWE in a report on Monday, August 17th. Finally, Zacks Research raised RWE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One 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.com, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on RWEOY
RWE Price Performance
The stock has a market cap of $47.65 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.15 and a beta of 0.58. The company’s 50 day moving average price is $66.79 and its 200-day moving average price is $65.44. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 0.34.
About RWE
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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