RWE (OTCMKTS:RWEOY) Upgraded by BNP Paribas to Outperform Rating

Key Points

• RWE was upgraded from a "neutral" rating to a "strong-buy" rating by BNP Paribas, signaling positive analyst sentiment toward the stock.
• Sanford C. Bernstein also raised RWE's rating from "market perform" to "outperform", reflecting growing confidence among several analysts.
• The company's current average rating is "Buy" with a consensus target price of $53.30, indicating expectations for substantial price appreciation.

RWE (OTCMKTS:RWEOY - Get Free Report) was upgraded by investment analysts at BNP Paribas from a "neutral" rating to an "outperform" rating in a research note issued on Wednesday, MarketBeat.com reports.

Separately, Sanford C. Bernstein raised shares of RWE from a "market perform" rating to an "outperform" rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $53.30.

RWE Stock Performance

RWE stock opened at $46.77 on Wednesday. RWE has a 12-month low of $28.68 and a 12-month high of $47.49. The stock has a 50-day simple moving average of $42.45 and a 200 day simple moving average of $40.21. 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 $31.63 billion, a price-to-earnings ratio of 12.18 and a beta of 0.70.

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.