RWE (RWEOY) Upgraded at Zacks Investment Research
RWE (OTCMKTS:RWEOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $23.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.32% 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 research firms have also commented on RWEOY. BNP Paribas lowered shares of RWE from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 19th. Societe Generale lowered shares of RWE from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, UBS Group upgraded shares of RWE from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $23.00.
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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