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

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

Wall Street Analyst Weigh In

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

RWE Stock Performance

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

RWE (OTCMKTS:RWEOY) last issued its quarterly earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.25. The business had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.29 billion. RWE had a return on equity of 4.96% and a net margin of 17.96%. Analysts expect 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.