Rwe Ag Sp (OTCMKTS:RWEOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $29.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.27% from the stock’s previous close.
According to Zacks, “RWE AG is among Europe’s five largest utilities. RWE is active in the generation and transmission as well as the sale and trading of electricity and gas. RWE is also active in the water business in Continental Europe. This integrated business model gives them a good position from which to take advantage of the rising demand for energy. RWE is the biggest power producer in Germany and No. 2 in the UK. RWE continues to expand its position in Central and South-Eastern Europe. Their comprehensive power plant portfolio and investment programme for the modernization and construction of new generation capacity are the basis for growing earnings in the future. RWE’s gas and oil production business is displaying above-average growth. In light of ever-higher global demand, RWE will steadily increase the share of gas it produces in-house. “
A number of other brokerages have also commented on RWEOY. Macquarie upgraded AGL Energy from an “underperform” rating to a “neutral” rating in a report on Monday, June 17th. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Rwe Ag Sp has a consensus rating of “Buy” and a consensus target price of $29.00.
RWEOY stock traded up $0.17 during midday trading on Tuesday, hitting $25.87. 4,532 shares of the company traded hands, compared to its average volume of 12,395. The firm’s 50 day simple moving average is $25.49. The company has a market cap of $15.90 billion, a PE ratio of -68.08 and a beta of 0.99. Rwe Ag Sp has a twelve month low of $19.23 and a twelve month high of $27.49. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.
Rwe Ag Sp (OTCMKTS:RWEOY) last issued its quarterly earnings results on Wednesday, May 15th. The utilities provider reported $0.59 EPS for the quarter. The business had revenue of $4.44 billion for the quarter. Research analysts anticipate that Rwe Ag Sp will post 0.92 earnings per share for the current fiscal year.
Rwe Ag Sp Company Profile
RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.
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