RWE (OTCMKTS:RWEOY) Reaches New 1-Year High – Time to Buy?

RWE AG (OTCMKTS:RWEOY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $56.75 and last traded at $56.75, with a volume of 36823 shares. The stock had previously closed at $56.13.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RWEOY shares. BNP Paribas set a $53.30 price target on RWE and gave the company an “outperform” rating in a report on Wednesday, October 8th. Citigroup cut shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Zacks Research downgraded shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, RWE has a consensus rating of “Moderate Buy” and an average target price of $53.30.

RWE Price Performance

The firm’s 50-day moving average is $52.10 and its 200-day moving average is $46.49. 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 (OTCMKTS:RWEOY) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.66. RWE had a return on equity of 5.42% and a net margin of 10.82%.The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $4.48 billion. On average, sell-side analysts expect that RWE AG will post 3.18 earnings per share 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.