RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 8,600 shares, a growth of 2,766.7% from the March 31st total of 300 shares. Based on an average daily volume of 51,000 shares, the days-to-cover ratio is presently 0.2 days.
Shares of RWE Aktiengesellschaft stock traded down $1.44 during mid-day trading on Wednesday, hitting $41.88. 157,738 shares of the stock were exchanged, compared to its average volume of 38,174. RWE Aktiengesellschaft has a twelve month low of $33.51 and a twelve month high of $46.51. The stock has a market capitalization of $25.75 billion, a price-to-earnings ratio of 29.70 and a beta of 0.74. The company has a 50-day simple moving average of $42.55 and a 200 day simple moving average of $40.45. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.40.
RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Rating) last released its quarterly earnings results on Tuesday, March 15th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.64. RWE Aktiengesellschaft had a net margin of 3.34% and a return on equity of 7.94%. The company had revenue of $12.89 billion for the quarter. Equities research analysts forecast that RWE Aktiengesellschaft will post 2.4 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on RWEOY. JPMorgan Chase & Co. cut their price target on shares of RWE Aktiengesellschaft from €64.00 ($68.82) to €60.00 ($64.52) in a report on Thursday, March 31st. Zacks Investment Research downgraded shares of RWE Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 16th. Citigroup raised their target price on shares of RWE Aktiengesellschaft to €45.00 ($48.39) in a report on Tuesday, April 5th. Royal Bank of Canada dropped their target price on shares of RWE Aktiengesellschaft from €48.00 ($51.61) to €46.50 ($50.00) in a report on Tuesday, January 25th. Finally, Barclays raised their target price on shares of RWE Aktiengesellschaft from €42.00 ($45.16) to €52.00 ($55.91) and gave the company an “overweight” rating in a report on Monday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $47.44.
About RWE Aktiengesellschaft (Get Rating)
RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources primarily in Europe and the United States. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear. The company generates wind, solar, hydro, nuclear, gas, and biomass electricity.
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