RWE (RWEOY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of RWE (OTCMKTS:RWEOY) from a hold rating to a buy rating in a report issued on Thursday. They currently have $23.00 price target on the utilities provider’s stock.

According to Zacks, “RWE AG is among Europe’s five largest utilities. RWE is active in the generation and transmission as well as the sale and trading of electricity and gas. RWE is also active in the water business in Continental Europe. This integrated business model gives them a good position from which to take advantage of the rising demand for energy. RWE is the biggest power producer in Germany and No. 2 in the UK. RWE continues to expand its position in Central and South-Eastern Europe. Their comprehensive power plant portfolio and investment programme for the modernization and construction of new generation capacity are the basis for growing earnings in the future. RWE’s gas and oil production business is displaying above-average growth. In light of ever-higher global demand, RWE will steadily increase the share of gas it produces in-house. “

Other research analysts also recently issued reports about the company. UBS Group raised RWE from a neutral rating to a buy rating in a research note on Wednesday, November 22nd. Societe Generale downgraded RWE from a buy rating to a hold rating in a research note on Friday, September 15th. Finally, BNP Paribas downgraded RWE from a neutral rating to an underperform rating in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. RWE presently has a consensus rating of Buy and a consensus target price of $23.00.

RWE (OTCMKTS:RWEOY) opened at $21.30 on Thursday. RWE has a twelve month low of $12.34 and a twelve month high of $26.89. The stock has a market capitalization of $13,094.07, a P/E ratio of -3.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.42. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.13 and a quick ratio of 1.06.

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About RWE

RWE AG (RWE) is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in production of lignite and electricity generation from gas, coal, nuclear and renewables, to energy trading and distribution, and the supply of electricity, gas and other solutions.

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