RWE AG (OTCMKTS:RWEOY) Reaching An Inflection Point; Jefferies Coverage Initiated as Hold

Share

How Jefferies Currently Rates RWE AG (OTCMKTS:RWEOY)

Jefferies revealed to clients and investors in an analysts report that it have started coverage on RWE AG (OTCMKTS:RWEOY) stock, with Hold rating.

From a total of 1 analysts covering RWE AG (OTCMKTS:RWEOY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $14.53 while the lowest target price is $14.53. The mean of all analyst targets is $14.53 with a -7.48% below today’s ($13.51) stock price. RWE AG was the topic of 9 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Macquarie Research upgraded shares on December 2 to “Outperform” rating. Bank of America upgraded RWEOY stock in a recent report from October 12 to “Neutral” rating.

Approximately 5,721 shares of stock traded hands. RWE AG (ADR) (OTCMKTS:RWEOY) has declined 47.52% since April 30, 2015 and is downtrending. It has underperformed by 47.23% the S&P500.

RWE AG (OTCMKTS:RWEOY) Reaching An Inflection Point; Jefferies Coverage Initiated as Hold

RWE AG is an electricity and gas company. The company has a market cap of $8.26 billion. The Firm engages in lignite production; electricity generation from gas, coal, nuclear and renewables, and in energy trading, as well as electricity and gas distribution and supply. It has 7.89 P/E ratio. The Company’s markets include Germany, the Benelux region, the United Kingdom, and Central Eastern and South Eastern Europe.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on RWE AG (ADR) (RWEOY).

COMMENTS: