Rwe Ag Sp (OTCMKTS:RWEOY) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Rwe Ag Sp (OTCMKTS:RWEOY) from a hold rating to a buy rating in a research note published on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $29.00 price objective 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 analysts also recently issued reports about the company. ValuEngine raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Tuesday, April 30th. Macquarie raised AGL Energy from an underperform rating to a neutral rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Rwe Ag Sp has an average rating of Buy and an average target price of $29.00.
Rwe Ag Sp (OTCMKTS:RWEOY) last announced its quarterly earnings data on Wednesday, May 15th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $4.44 billion during the quarter. As a group, sell-side analysts expect that Rwe Ag Sp will post 0.92 earnings per share for the current fiscal year.
Rwe Ag Sp Company Profile
RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.
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