RWE (RWEOY) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of RWE (OTCMKTS:RWEOY) from a buy rating to a sell rating in a report published on Wednesday morning.
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. “
A number of other research analysts have also recently weighed in on RWEOY. BNP Paribas cut RWE from a neutral rating to an underperform rating in a research report on Tuesday, September 19th. UBS Group upgraded RWE from a neutral rating to a buy rating in a research report on Wednesday, November 22nd. Finally, Societe Generale cut RWE from a buy rating to a hold rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. RWE has a consensus rating of Hold and an average price target of $23.00.
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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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