RWE (OTCMKTS:RWEOY) Reaches New 1-Year High – Still a Buy?

RWE AG (OTCMKTS:RWEOY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.8399 and last traded at $49.71, with a volume of 22339 shares changing hands. The stock had previously closed at $48.89.

Analysts Set New Price Targets

Several analysts recently issued reports on RWEOY shares. Citigroup downgraded RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. BNP Paribas set a $53.30 price target on RWE and gave the company an “outperform” rating in a report on Wednesday, October 8th. Sanford C. Bernstein upgraded RWE from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. Finally, Zacks Research raised 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.30.

RWE Stock Down 0.5%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.21. The firm’s 50-day moving average price is $44.44 and its 200 day moving average price is $41.58. The firm has a market cap of $33.44 billion, a P/E ratio of 12.88 and a beta of 0.70.

RWE Company Profile

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.