RWE (OTCMKTS:RWEOY) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of RWE (OTCMKTS:RWEOY) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. BNP Paribas Exane set a $53.30 price target on shares of RWE and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Citigroup lowered RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, RWE presently has a consensus rating of “Hold” and an average target price of $53.30.

RWE Stock Performance

RWE stock opened at $63.39 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.21. RWE has a 52 week low of $29.24 and a 52 week high of $64.58. The company’s 50 day moving average price is $54.79 and its two-hundred day moving average price is $48.26.

RWE (OTCMKTS:RWEOY) last posted its earnings results on Wednesday, November 12th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.16 by $0.66. RWE had a net margin of 10.82% and a return on equity of 5.42%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $4.48 billion. On average, research analysts predict that RWE will post 3.18 EPS for the current 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.