Trade Report: Today: HSBC Downgrade RWE AG (RWEOY) to Reduce

Today: HSBC Downgrade RWE AG (RWEOY) to Reduce

RWE AG (NASDAQ:RWEOY) was downgraded by stock analysts at HSBC from a “hold” rating to a “reduce” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other research firms also recently issued reports on RWEOY. RBC Capital Markets raised RWE AG from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 16th. Zacks Investment Research downgraded RWE AG from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Berenberg Bank raised RWE AG from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. Finally, Royal Bank Of Canada raised RWE AG from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 16th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.

RWE AG (NASDAQ:RWEOY) opened at 12.42 on Monday. RWE AG has a 12-month low of $11.12 and a 12-month high of $17.78. The firm has a 50-day moving average price of $14.51 and a 200 day moving average price of $15.44. The firm’s market cap is $7.58 billion.

RWE AG Company Profile

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.

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