Analysts Set RWE AG (OTCMKTS:RWEOY) Price Target at $53.30

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

RWEOY has been the topic of a number of research reports. Sanford C. Bernstein downgraded RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Zacks Research raised shares of RWE from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Kepler Capital Markets upgraded shares of RWE from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Citigroup restated a “neutral” rating on shares of RWE in a report on Wednesday, February 11th.

RWE Price Performance

RWEOY opened at $67.01 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. RWE has a 1 year low of $33.83 and a 1 year high of $67.86. The stock has a fifty day moving average price of $62.13 and a 200 day moving average price of $53.25. The stock has a market cap of $48.65 billion, a price-to-earnings ratio of 13.73 and a beta of 0.68.

RWE (OTCMKTS:RWEOY) last posted its quarterly earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.25. The company had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.29 billion. RWE had a return on equity of 4.96% and a net margin of 17.96%. Analysts forecast that RWE will post 3.18 EPS for the current fiscal year.

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.