Brokerages Set RWE AG (OTCMKTS:RWEOY) Price Target at $53.30

Shares of RWE AG (OTCMKTS:RWEOY) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $53.30.

Several equities analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of RWE in a research note on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of RWE in a report on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of RWE in a research report on Monday, August 17th.

RWE Trading Up 0.9%

OTCMKTS:RWEOY opened at $69.23 on Wednesday. RWE has a 12-month low of $43.08 and a 12-month high of $74.10. The company has a current ratio of 1.35, a quick ratio of 1.22 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $66.99 and its 200-day simple moving average is $66.33. The firm has a market cap of $50.27 billion, a P/E ratio of 13.16, a PEG ratio of 1.39 and a beta of 0.61.

RWE Company Profile

RWE AG is a Germany-based energy company headquartered in Essen. Founded in 1898, the company has developed from a regional electricity provider into an international utility focused on electricity generation, energy trading and related services.

RWE’s principal activities include the development, construction and operation of renewable-energy facilities, including offshore and onshore wind farms, solar projects and battery-storage systems. The company also operates flexible gas-fired and hydroelectric power plants and is involved in electricity generation, supply and trading.