Rwe Ag Sp (OTCMKTS:RWEOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The brokerage presently has a $29.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.10% from the stock’s previous close.
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. “
RWEOY has been the subject of a number of other reports. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Macquarie upgraded AGL Energy from an “underperform” rating to a “neutral” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.00.
Rwe Ag Sp (OTCMKTS:RWEOY) last posted its quarterly earnings data on Wednesday, May 15th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $4.44 billion during the quarter. As a group, equities analysts forecast that Rwe Ag Sp will post 0.92 earnings per share for the current fiscal year.
About Rwe Ag Sp
RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat.
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