RWE AG (OTCMKTS:RWEOY) Stock Rated “Hold” by Wall Street Analysts

RWE AG (OTCMKTS:RWEOY) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages recently weighed in on RWEOY. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research report on Monday, August 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Zacks Research cut RWE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 29th. Citigroup reissued a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of RWE in a research report on Monday, August 17th.

RWE Trading Up 1.6%

OTCMKTS RWEOY opened at $64.56 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.35 and a quick ratio of 1.29. The firm’s fifty day moving average price is $66.53 and its 200 day moving average price is $65.57. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. RWE has a 12 month low of $48.71 and a 12 month high of $74.10.

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.