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

Shares of RWE AG (OTCMKTS:RWEOY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.67 and last traded at $70.53, with a volume of 9007 shares changing hands. The stock had previously closed at $67.90.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Kepler Capital Markets upgraded RWE from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Zacks Research upgraded shares of RWE from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research note on Wednesday, February 11th. Finally, Sanford C. Bernstein lowered shares of RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, RWE currently has an average rating of “Moderate Buy” and a consensus target price of $53.30.

RWE Stock Up 0.6%

The business’s 50-day moving average price is $65.16 and its 200-day moving average price is $57.53. The firm has a market capitalization of $51.44 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.64. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.37.

RWE (OTCMKTS:RWEOY) last posted its quarterly earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.25. RWE had a net margin of 17.96% and a return on equity of 4.79%. The business had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, equities research analysts predict that RWE AG will post 3.15 EPS for the current fiscal year.

About RWE

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.