HSBC upgraded RWE AG (OTCMKTS:RWEOY) from Reduce to Hold in a report released today.
- Updated: October 10, 2016
HSBC has upgraded RWE AG (OTCMKTS:RWEOY) from Reduce to Hold in a report released on 10/10/2016.
Yesterday RWE AG (OTCMKTS:RWEOY) traded -0.13% lower at $14.94. The company’s 50-day moving average is $16.53 and its 200-day moving average is $15.17. The last closing price is down -1.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,506 shares of the stock were exchanged, down from an average trading volume of 15,389
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RWE AG 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 firm has reported on the stock. The consensus target price is $16.52 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About RWE AG (OTCMKTS: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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