Rwe Ag Sp (OTCMKTS:RWEOY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks.com reports. The firm presently has a $37.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.75% 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. “
RWEOY has been the topic of several other reports. Morgan Stanley reiterated an “overweight” rating on shares of Rwe Ag Sp in a report on Friday, May 15th. Credit Suisse Group upgraded Rwe Ag Sp from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 6th. HSBC upgraded Rwe Ag Sp from a “reduce” rating to a “hold” rating in a report on Thursday, March 19th. Barclays reiterated an “overweight” rating on shares of Rwe Ag Sp in a report on Friday, May 15th. Finally, UBS Group reiterated a “buy” rating on shares of Rwe Ag Sp in a report on Tuesday, April 7th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $37.00.
Rwe Ag Sp stock opened at $33.11 on Thursday. The stock’s 50-day moving average is $28.89 and its 200-day moving average is $30.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.32. Rwe Ag Sp has a 12 month low of $21.92 and a 12 month high of $38.50.
About Rwe Ag Sp
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.
Read More: The basics of gap trading strategies
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rwe Ag Sp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rwe Ag Sp and related companies with MarketBeat.com's FREE daily email newsletter.