RWE (OTCMKTS:RWEOY) Hits New 12-Month High – What’s Next?

RWE AG (OTCMKTS:RWEOY) reached a new 52-week high on Wednesday . The company traded as high as $60.61 and last traded at $60.3350, with a volume of 25386 shares trading hands. The stock had previously closed at $59.59.

Wall Street Analysts Forecast Growth

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

RWE Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.30 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $53.62 and its two-hundred day moving average price is $47.49.

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