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

RWE AG (OTCMKTS:RWEOY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $68.12 and last traded at $68.08, with a volume of 3259 shares trading hands. The stock had previously closed at $67.30.

Analyst Ratings Changes

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

RWE Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.30. The company’s 50 day moving average price is $63.18 and its 200-day moving average price is $54.75. The company has a market cap of $49.09 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.88 and a beta of 0.68.

RWE (OTCMKTS:RWEOY) last released its earnings results on Thursday, March 12th. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.59 by $0.25. The business had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.29 billion. RWE had a net margin of 17.96% and a return on equity of 4.96%. On average, equities research analysts forecast that RWE AG will post 3.18 earnings per share for the current fiscal 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.