RWE (OTCMKTS:RWEOY) Reaches New 52-Week High – Should You Buy?

RWE AG (OTCMKTS:RWEOY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.99 and last traded at $71.52, with a volume of 39787 shares traded. The stock had previously closed at $70.61.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research note on Wednesday, February 11th. Kepler Capital Markets upgraded RWE from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Finally, Sanford C. Bernstein cut RWE from an “outperform” rating to a “hold” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, RWE currently has an average rating of “Moderate Buy” and a consensus target price of $53.30.

RWE Trading Down 1.1%

The stock has a market cap of $51.76 billion, a PE ratio of 14.61, a PEG ratio of 2.09 and a beta of 0.64. The business has a 50-day moving average of $66.02 and a 200 day moving average of $58.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.43 and a current ratio of 1.50.

RWE (OTCMKTS:RWEOY) last posted its quarterly earnings data on Thursday, March 12th. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.25. The firm had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.29 billion. RWE had a return on equity of 4.79% and a net margin of 17.96%. Equities research analysts predict that RWE AG will post 3.15 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.