RWE Aktiengesellschaft (OTCMKTS:RWEOY) Sets New 12-Month High at $47.51

RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Rating)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $47.51 and last traded at $46.83, with a volume of 26111 shares changing hands. The stock had previously closed at $45.93.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RWEOY shares. Credit Suisse Group boosted their price objective on RWE Aktiengesellschaft from €49.00 ($53.26) to €50.50 ($54.89) and gave the company an “outperform” rating in a research report on Tuesday, December 6th. Morgan Stanley reduced their price objective on RWE Aktiengesellschaft from €53.00 ($57.61) to €52.00 ($56.52) in a research note on Tuesday, November 15th. JPMorgan Chase & Co. reduced their price objective on RWE Aktiengesellschaft from €60.00 ($65.22) to €59.00 ($64.13) and set an “overweight” rating on the stock in a research note on Friday, December 9th. Finally, Berenberg Bank reduced their price objective on RWE Aktiengesellschaft from €55.00 ($59.78) to €53.00 ($57.61) and set a “buy” rating on the stock in a research note on Tuesday, November 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $51.06.

RWE Aktiengesellschaft Stock Performance

The business has a fifty day simple moving average of $43.81 and a two-hundred day simple moving average of $41.07. The company has a debt-to-equity ratio of 51.17, a current ratio of 0.93 and a quick ratio of 0.88. The company has a market cap of $31.67 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 7.90 and a beta of 0.84.

RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Rating) last posted its earnings results on Thursday, November 10th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.31. RWE Aktiengesellschaft had a positive return on equity of 26.83% and a negative net margin of 0.06%. The company had revenue of $10.83 billion during the quarter. Research analysts anticipate that RWE Aktiengesellschaft will post 4.36 earnings per share for the current year.

About RWE Aktiengesellschaft

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RWE AG is a holding company, which engages in the generation, transmission, distribution, and trading of electricity and gas. It operates through the following segments: Offshore Wind; Onshore Wind and Solar; Hydro, Biomass, and Gas; Supply and Trading; and Coal and Nuclear. The Offshore Wind segment consists of the offshore wind business.