Zacks Investment Research lowered shares of RWE (OTCMKTS:RWEOY) from a buy rating to a sell rating in a research report sent to investors on Wednesday morning.
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. “
A number of other analysts have also issued reports on RWEOY. BNP Paribas lowered RWE from a neutral rating to an underperform rating in a report on Tuesday, September 19th. UBS Group upgraded RWE from a neutral rating to a buy rating in a report on Wednesday, November 22nd. Finally, Societe Generale lowered RWE from a buy rating to a hold rating in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $23.00.
RWE (OTCMKTS:RWEOY) traded down $0.16 on Wednesday, hitting $21.00. The stock had a trading volume of 17,056 shares, compared to its average volume of 24,825. The stock has a market capitalization of $12,830.00, a price-to-earnings ratio of -3.09, a P/E/G ratio of 0.69 and a beta of 1.53. RWE has a one year low of $12.37 and a one year high of $26.89. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.13 and a quick ratio of 1.06.
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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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