RWE (OTCMKTS:RWEOY) Stock Rating Cut to Hold at Zacks Research

RWE (OTCMKTS:RWEOY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Several other research firms have also issued reports on RWEOY. Citigroup reissued a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a research report on Monday, August 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

RWE Stock Performance

OTCMKTS RWEOY opened at $64.19 on Thursday. The firm has a market capitalization of $46.61 billion, a P/E ratio of 17.64, a PEG ratio of 1.16 and a beta of 0.58. The stock has a 50-day simple moving average of $66.74 and a two-hundred day simple moving average of $65.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 1.35. RWE has a fifty-two week low of $48.49 and a fifty-two week high of $74.10.

RWE Company Profile

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.