RWE AG (NASDAQ:RWEOY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
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. “
RWEOY has been the topic of a number of other research reports. Societe Generale lowered shares of RWE AG from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Berenberg Bank lowered shares of RWE AG from a “buy” rating to a “hold” rating in a report on Monday, September 4th. ValuEngine upgraded shares of RWE AG from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. Finally, BNP Paribas lowered shares of RWE AG from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. RWE AG presently has a consensus rating of “Hold” and a consensus price target of $27.00.
RWE AG (RWEOY) traded down $0.60 during trading hours on Thursday, hitting $26.18. 29,345 shares of the company traded hands, compared to its average volume of 15,365. RWE AG has a 1-year low of $11.55 and a 1-year high of $26.89.
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RWE AG Company Profile
RWE AG (RWE) is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in production of lignite and electricity generation from gas, coal, nuclear and renewables, to energy trading and distribution, and the supply of electricity, gas and other solutions.
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