RWE (OTCMKTS:RWEOY) Sets New 12-Month High – Here’s Why

RWE AG (OTCMKTS:RWEOY)’s stock price reached a new 52-week high on Saturday . The company traded as high as $55.63 and last traded at $55.0050, with a volume of 67168 shares trading hands. The stock had previously closed at $53.31.

Analyst Ratings Changes

A number of research firms recently commented on RWEOY. BNP Paribas set a $53.30 price target on shares of RWE and gave the company an “outperform” rating in a report on Wednesday, October 8th. Zacks Research lowered shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Citigroup downgraded shares of RWE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RWE presently has an average rating of “Moderate Buy” and a consensus target price of $53.30.

RWE Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $51.23 and its two-hundred day moving average price is $45.78. The stock has a market cap of $37.20 billion, a P/E ratio of 15.72 and a beta of 0.66.

RWE (OTCMKTS:RWEOY) last issued its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.16 by $0.66. RWE had a net margin of 10.82% and a return on equity of 5.42%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $4.48 billion. As a group, sell-side analysts expect that RWE AG will post 3.18 earnings per share for the current fiscal year.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.