RWE (OTCMKTS:RWEOY) Sees Strong Trading Volume – What’s Next?

RWE AG (OTCMKTS:RWEOY) shares saw unusually-strong trading volume on Thursday . Approximately 1,059,860 shares changed hands during trading, an increase of 880% from the previous session’s volume of 108,132 shares.The stock last traded at $51.70 and had previously closed at $50.60.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RWEOY shares. 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 raised RWE from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. Zacks Research lowered RWE from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Citigroup lowered shares of RWE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, RWE has an average rating of “Moderate Buy” and an average target price of $53.30.

RWE Price Performance

The business has a 50-day simple moving average of $47.10 and a two-hundred day simple moving average of $42.69. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $34.89 billion, a price-to-earnings ratio of 13.44 and a beta of 0.71.

RWE (OTCMKTS:RWEOY) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.66. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $4.48 billion. RWE had a return on equity of 4.85% and a net margin of 11.32%. As a group, research analysts predict that RWE AG will post 3.18 earnings per share for the current fiscal year.

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.