RWE (OTCMKTS:RWEOY) Stock Rating Upgraded by Zacks Research

RWE (OTCMKTS:RWEOY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

RWEOY has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of RWE in a research note on Monday, August 17th. Morgan Stanley reiterated an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a report on Monday, August 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.30.

RWE Stock Down 2.0%

Shares of RWEOY stock opened at $65.88 on Wednesday. RWE has a 12 month low of $45.52 and a 12 month high of $74.10. The company has a 50 day simple moving average of $67.22 and a two-hundred day simple moving average of $66.56. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. The stock has a market cap of $47.83 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.22 and a beta of 0.58.

About RWE

RWE AG is a Germany-based energy company engaged in the generation, trading and supply of electricity. Its business is centered on renewable energy, including onshore and offshore wind, solar power and battery storage, supported by flexible generation and energy trading activities.

The company develops, builds and operates energy projects and provides electricity-related services to commercial and residential customers through its supply businesses. RWE has also pursued technologies intended to support the energy transition, including green hydrogen and other lower-carbon energy solutions.

RWE traces its origins to the formation of Rheinisch-Westfälisches Elektrizitätswerk in 1898.