RWE (OTCMKTS:RWEOY) Sees Large Volume Increase – Should You Buy?

RWE AG (OTCMKTS:RWEOY) saw unusually-high trading volume on Wednesday. Approximately 60,550 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 80,315 shares. The stock last traded at $65.39 and had previously closed at $63.95.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of RWE in a report on Monday, August 17th. Citigroup reissued a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of RWE in a report on Monday, August 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

RWE Stock Performance

The stock’s 50-day moving average is $67.26 and its 200-day moving average is $66.56. The stock has a market cap of $47.42 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.16 and a beta of 0.58. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34.

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.