Brokerages Set RWE (RWEOY) Price Target at $28.00

Shares of RWE (OTCMKTS:RWEOY) have earned an average rating of “Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.00.

A number of brokerages have recently commented on RWEOY. Societe Generale raised shares of RWE from a “hold” rating to a “buy” rating in a research report on Friday, April 20th. Zacks Investment Research raised shares of RWE from a “strong sell” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, March 21st. Finally, HSBC reaffirmed a “hold” rating on shares of RWE in a research report on Tuesday, February 20th.

Shares of RWEOY traded down $0.04 during midday trading on Friday, hitting $24.13. 1,294 shares of the stock traded hands, compared to its average volume of 11,169. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 1.15. The company has a market cap of $14,735.44, a price-to-earnings ratio of 9.63 and a beta of 1.19. RWE has a 1-year low of $16.72 and a 1-year high of $27.00.

The business also recently announced an annual dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 30th will be given a dividend of $1.343 per share. This represents a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, April 27th.

RWE Company Profile

RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.

Analyst Recommendations for RWE (OTCMKTS:RWEOY)

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