RWE (OTCMKTS:RWEOY) Sets New 12-Month High – Here’s What Happened

Shares of RWE AG (OTCMKTS:RWEOY) reached a new 52-week high during trading on Friday . The stock traded as high as $64.90 and last traded at $64.64, with a volume of 10347 shares traded. The stock had previously closed at $63.86.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RWEOY shares. Sanford C. Bernstein cut RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Zacks Research upgraded RWE from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Citigroup restated a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, RWE presently has an average rating of “Hold” and an average target price of $53.30.

RWE Stock Up 0.7%

The stock has a fifty day moving average price of $59.36 and a 200-day moving average price of $51.10. The firm has a market cap of $46.67 billion, a PE ratio of 18.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.30.

RWE Company Profile

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.