RWE (OTCMKTS:RWEOY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of RWE AG (OTCMKTS:RWEOY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $65.06 and traded as high as $67.33. RWE shares last traded at $66.89, with a volume of 46,186 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on RWEOY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a research note on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research note on Monday. BNP Paribas Exane lowered RWE from an “outperform” rating to a “neutral” rating in a report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Finally, Citigroup reissued a “neutral” rating on shares of RWE in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.30.

RWE Price Performance

The stock has a market capitalization of $48.57 billion, a PE ratio of 12.72, a P/E/G ratio of 1.44 and a beta of 0.62. The company has a quick ratio of 1.22, a current ratio of 1.26 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average is $65.06 and its 200 day moving average is $65.41.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak?load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.