RWE AG (RWEOY) Stock Rating Lowered by Zacks Investment Research
RWE AG (NASDAQ:RWEOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
Several other equities analysts have also recently issued reports on RWEOY. ValuEngine upgraded RWE AG from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) upgraded RWE AG from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Deutsche Bank AG upgraded RWE AG from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. HSBC Holdings plc upgraded RWE AG from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Investec upgraded RWE AG from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.00.
Shares of RWE AG (NASDAQ:RWEOY) traded up 0.21% during trading on Thursday, reaching $24.06. The company’s stock had a trading volume of 23,422 shares. The company has a 50 day moving average price of $23.61 and a 200 day moving average price of $19.60. RWE AG has a 52 week low of $11.55 and a 52 week high of $25.80. The firm’s market capitalization is $14.81 billion.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/16/rwe-ag-rweoy-stock-rating-lowered-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RWE AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RWE AG and related companies with MarketBeat.com's FREE daily email newsletter.