Macquarie Issues an Upgrade on RWE AG (OTCMKTS:RWEOY) Shares. What’s Next?



RWE AG (OTCMKTS:RWEOY) was hiked by Macquarie from a “Neutral” rating to a solid “Outperform” rating in a note finalized on Wednesday morning.

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 $15.56 while the lowest target price is $15.56. The mean of all analyst targets is $15.56 with a -4.94% below today’s ($13.15) stock price. RWE AG was the topic of 8 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Societe Generale downgraded shares on November 17 to “Hold” rating. RBC Capital Markets upgraded RWEOY stock in a recent report from October 1 to “Sector Perform” rating.

Approximately 88,240 shares of stock traded hands or 30.14% up from the average. RWE AG (ADR) (OTCMKTS:RWEOY) has declined 46.90% since April 29, 2015 and is downtrending. It has underperformed by 46.70% the S&P500.

 Macquarie Issues an Upgrade on RWE AG (OTCMKTS:RWEOY) Shares. What’s Next?

RWE AG is an electricity and gas company. The company has a market cap of $7.99 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 7.67 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).