RWE (OTCMKTS:RWEOY) Reaches New 12-Month High - Should You Buy?

Key Points

• RWE AG has achieved a new 52-week high, trading at $47.50, marking significant growth from its previous close of $46.77.
• Analysts have shown increased optimism, with RWE receiving a consensus rating of "Buy" and a target price of $53.30.
• The company's market capitalization stands at $32.11 billion, with solid financial metrics including a price-to-earnings ratio of 12.37.

RWE AG (OTCMKTS:RWEOY - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $47.50 and last traded at $47.48, with a volume of 38818 shares traded. The stock had previously closed at $46.77.

Analysts Set New Price Targets

Several equities research analysts recently commented on RWEOY shares. Sanford C. Bernstein raised shares of RWE from a "market perform" rating to an "outperform" rating in a research report on Thursday, September 4th. BNP Paribas set a $53.30 target price on shares of RWE and gave the company an "outperform" rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, RWE currently has a consensus rating of "Buy" and a consensus price target of $53.30.

RWE Stock Up 1.5%

The stock has a 50 day moving average price of $42.56 and a 200 day moving average price of $40.35. The stock has a market capitalization of $32.11 billion, a price-to-earnings ratio of 12.37 and a beta of 0.70. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

About RWE

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.

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