RWE AG (RWEOY) Lowered to “Hold” at Societe Generale

Societe Generale cut shares of RWE AG (NASDAQ:RWEOY) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Several other research firms also recently issued reports on RWEOY. Zacks Investment Research downgraded RWE AG from a buy rating to a hold rating in a research note on Thursday. ValuEngine raised RWE AG from a buy rating to a strong-buy rating in a research note on Monday, August 7th. Deutsche Bank AG raised RWE AG from a hold rating to a buy rating in a research note on Thursday, June 8th. Berenberg Bank downgraded RWE AG from a buy rating to a hold rating in a research note on Monday, September 4th. Finally, UBS AG raised RWE AG from a sell rating to a neutral rating in a research note on Friday, July 7th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. RWE AG presently has a consensus rating of Buy and a consensus target price of $29.00.

Shares of RWE AG (RWEOY) traded up 0.21% on Friday, reaching $24.06. The company’s stock had a trading volume of 23,422 shares. The company’s market cap is $14.81 billion. RWE AG has a 52-week low of $11.55 and a 52-week high of $25.80. The company has a 50 day moving average price of $23.61 and a 200 day moving average price of $19.60.

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RWE AG Company Profile

RWE AG (RWE) is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in production of lignite and electricity generation from gas, coal, nuclear and renewables, to energy trading and distribution, and the supply of electricity, gas and other solutions.

Analyst Recommendations for RWE AG (NASDAQ:RWEOY)

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