RWE (OTCMKTS:RWEOY) Hits New 52-Week High – Here’s Why

RWE AG (OTCMKTS:RWEOY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $63.73 and last traded at $63.73, with a volume of 105915 shares trading hands. The stock had previously closed at $62.04.

Analyst Upgrades and Downgrades

RWEOY has been the subject of several analyst reports. Citigroup downgraded RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. BNP Paribas Exane set a $53.30 target price on RWE and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded RWE from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, RWE currently has an average rating of “Moderate Buy” and a consensus price target of $53.30.

RWE Price Performance

The firm has a market cap of $42.96 billion, a P/E ratio of 18.15, a PEG ratio of 17.25 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.21. The company’s 50-day moving average is $54.04 and its two-hundred day moving average is $47.85.

RWE (OTCMKTS:RWEOY) last issued its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.66. RWE had a return on equity of 5.42% and a net margin of 10.82%.The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $4.48 billion. Sell-side analysts anticipate that RWE AG 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.