RWE (OTCMKTS:RWEOY) Sets New 52-Week High – Still a Buy?

RWE AG (OTCMKTS:RWEOY)’s share price hit a new 52-week high on Thursday . The company traded as high as $50.09 and last traded at $50.09, with a volume of 623 shares trading hands. The stock had previously closed at $49.19.

Analysts Set New Price Targets

A number of analysts have weighed in on RWEOY shares. BNP Paribas set a $53.30 target price on shares of RWE and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Citigroup lowered shares of RWE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein upgraded shares of RWE from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 4th. Finally, Zacks Research upgraded shares of RWE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.30.

RWE Trading Up 1.0%

The company has a market cap of $33.60 billion, a price-to-earnings ratio of 12.94 and a beta of 0.71. The business’s fifty day moving average price is $44.94 and its 200 day moving average price is $41.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.21.

About RWE

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.