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Enter Symbol:
 
RWE AG (ADR) (RWEOY) [hlAlert]

Rating:
Underweight
RWEOY
down 20.86 %

RWE AG (ADR) (RWEOY) downgraded to Underweight by HSBC Securities

Posted on: Friday,  Feb 8, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight RWE AG (ADR) (OTCBB: RWEOY) on 02/08/2013. Previously HSBC Securities rated Overweight RWE AG (ADR) (OTCBB: RWEOY) on
09/27/2012., when the stock price was $46.06. Since then, RWE AG (ADR) has lost 20.86% as of 02/08/2013's recent price of $36.45.
If you would have followed the previous HSBC Securities's recommendation on RWEOY, you would have lost 20.86% of your investment in 134 days.

RWE AG is engaged in the business of generation, trading, transmission and supply of electricity and gas. The Company operates through seven divisions. Germany, Netherlands/Belgium, United Kingdom, Central and Eastern Europe, Renewables, Upstream gas and oil, and Trading/gas midstream. The Company acquired the Dutch energy utility Essent N.V. as of September 30, 2009. The Company?s Germany division consists of the Generation and Sales and distribution networks business areas. It also includes the German regional utilities, which operate their own electricity generation facilities to a small extent, besides handling the network and end-customer business. The United Kingdom business division encompasses its entire United Kingdom generation and supply business with the exception of electricity production from renewables.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2013 8:25 AM Sell
None
36.45
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -12.46 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/27/2012 8:25 AM Buy
None
46.06
2/6/2012 8:25 AM Hold
None
42.69

(*) Stock Price at the time of the recommendation.
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