RWE AG (RWEOY) Lowered to “Hold” at Societe Generale
RWE AG (NASDAQ:RWEOY) was downgraded by equities researchers at Societe Generale from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.
A number of other brokerages have also recently issued reports on RWEOY. Zacks Investment Research cut RWE AG from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded RWE AG from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. Deutsche Bank AG upgraded RWE AG from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. Berenberg Bank cut RWE AG from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, UBS AG upgraded RWE AG from a “sell” rating to a “neutral” rating in a report on Friday, July 7th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. RWE AG presently has an average rating of “Buy” and an average price target of $29.00.
RWE AG (NASDAQ RWEOY) opened at 24.01 on Friday. The firm’s market cap is $14.77 billion. RWE AG has a 12-month low of $11.55 and a 12-month high of $25.80. The firm has a 50-day moving average price of $23.51 and a 200 day moving average price of $19.53.
RWE AG Company Profile
RWE AG (RWE) is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in production of lignite and electricity generation from gas, coal, nuclear and renewables, to energy trading and distribution, and the supply of electricity, gas and other solutions.
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