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

RWE AG (OTCMKTS:RWEOY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $64.77 and last traded at $64.75, with a volume of 60332 shares changing hands. The stock had previously closed at $63.57.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of RWE from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.30.

RWE Stock Up 1.9%

The company has a market capitalization of $43.79 billion, a PE ratio of 18.50, a P/E/G ratio of 17.99 and a beta of 0.67. 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 is $56.80 and its 200 day moving average is $49.42.

RWE (OTCMKTS:RWEOY) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.66. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $4.48 billion. RWE had a net margin of 10.82% and a return on equity of 5.42%. As a group, analysts anticipate that RWE AG will post 3.18 EPS for the current 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.