RWE AG (OTCMKTS:RWEOY) has been downgraded from Hold to Reduce in a statement by HSBC earlier today.
- Updated: November 28, 2016
Boasting a price of $12.42, RWE AG (OTCMKTS:RWEOY) traded -1.21% lower on the day. With the last stock price close down -20.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. RWE AG has recorded a 50-day average of $14.51 and a two hundred day average of $15.44. Volume of trade was up over the average, with 47,142 shares of RWEOY changing hands over the typical 30,166
HSBC has downgraded RWE AG (OTCMKTS:RWEOY) from Hold to Reduce in a statement released on 11/28/2016.
With a total market value of $0, RWE AG has with a one year low of $11.12 and a one year high of $17.78 .
A total of 1 equity analyst has released a ratings update on RWEOY. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.52.
Brief Synopsis 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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