RWE AG (OTCMKTS:RWEOY) Receives $53.30 Average Target Price from Brokerages

RWE AG (OTCMKTS:RWEOY) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.30.

Several equities analysts have recently commented on the company. Sanford C. Bernstein cut RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. Kepler Capital Markets raised shares of RWE from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Citigroup reiterated a “neutral” rating on shares of RWE in a research note on Wednesday, February 11th. Finally, Zacks Research raised shares of RWE from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th.

RWE Price Performance

Shares of OTCMKTS RWEOY opened at $64.15 on Tuesday. The company has a market cap of $46.58 billion, a PE ratio of 13.15 and a beta of 0.68. RWE has a fifty-two week low of $33.83 and a fifty-two week high of $67.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.30. The business has a 50-day simple moving average of $62.29 and a two-hundred day simple moving average of $53.51.

RWE (OTCMKTS:RWEOY) last issued its quarterly earnings data on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.25. RWE had a return on equity of 4.96% and a net margin of 17.96%.The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts expect that RWE will post 3.18 EPS for the current fiscal year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.