RWE Aktiengesellschaft (OTCMKTS:RWEOY) Reaches New 52-Week High at $47.51

RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Rating)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.51 and last traded at $46.83, with a volume of 26111 shares traded. The stock had previously closed at $45.93.

Analysts Set New Price Targets

Several equities analysts have commented on RWEOY shares. JPMorgan Chase & Co. dropped their price target on shares of RWE Aktiengesellschaft from €60.00 ($65.22) to €59.00 ($64.13) and set an “overweight” rating for the company in a research note on Friday, December 9th. Credit Suisse Group lifted their price objective on shares of RWE Aktiengesellschaft from €49.00 ($53.26) to €50.50 ($54.89) and gave the stock an “outperform” rating in a research report on Tuesday, December 6th. Morgan Stanley decreased their price objective on shares of RWE Aktiengesellschaft from €53.00 ($57.61) to €52.00 ($56.52) in a research report on Tuesday, November 15th. Finally, Berenberg Bank decreased their price objective on shares of RWE Aktiengesellschaft from €55.00 ($59.78) to €53.00 ($57.61) and set a “buy” rating for the company in a research report on Tuesday, November 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $51.06.

RWE Aktiengesellschaft Stock Up 2.0 %

The business’s fifty day moving average price is $43.81 and its 200 day moving average price is $41.07. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 51.17. The firm has a market capitalization of $31.67 billion, a PE ratio of 10.61, a PEG ratio of 7.90 and a beta of 0.84.

RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.31. RWE Aktiengesellschaft had a negative net margin of 0.06% and a positive return on equity of 26.83%. The business had revenue of $10.83 billion for the quarter. On average, equities research analysts forecast that RWE Aktiengesellschaft will post 4.36 earnings per share for the current fiscal year.

About RWE Aktiengesellschaft

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RWE AG is a holding company, which engages in the generation, transmission, distribution, and trading of electricity and gas. It operates through the following segments: Offshore Wind; Onshore Wind and Solar; Hydro, Biomass, and Gas; Supply and Trading; and Coal and Nuclear. The Offshore Wind segment consists of the offshore wind business.