HSBC downgraded RWE AG (ADR) (NASDAQ:RWEOY) to Reduce in a report released today.
- Updated: November 28, 2016
HSBC has downgraded RWE AG (ADR) (NASDAQ:RWEOY) to Reduce in a report released on Monday November 28, 2016.
Yesterday RWE AG (ADR) (NASDAQ:RWEOY) traded -1.21% lower at $12.30. The company’s 50-day moving average is $14.51 and its 200-day moving average is $15.44. The last closing price is down -20.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 47,142 shares of the stock were exchanged, up from an average trading volume of 30,166
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RWE AG (ADR) has a 52 week low of $11.12 and a 52 week high of $17.78 The company’s market cap is currently $0.
In addition to HSBC reporting its target price, a total of 1 broker has issued a report on the stock. The consensus target price is $16.52 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About RWE AG (ADR) (NASDAQ:RWEOY)
RWE AG is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in lignite production; electricity generation from gas, coal, nuclear and renewables, and energy trading and electricity and gas distribution and supply, as well as in developing and providing energy management solutions. Its segments include Conventional Power Generation, Supply/Distribution Networks Germany, Supply Netherlands/Belgium, Supply United Kingdom, Central Eastern and South Eastern Europe, Renewables, Trading/Gas Midstream and Other, consolidation. Its markets are Germany, the Benelux countries, the United Kingdom, as well as Central Eastern and South Eastern Europe. In electricity generation from renewables, it has presence in outside of these regions, including Spain and Italy. It owns a wind farm located over 30 kilometers north of Heligoland, which consists of approximately 50 turbines with a total net installed capacity of over 290 megawatts.
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