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RWE Down On 2011 Outlook, E.ON Trades Lower

Utilities E.ON (EOAN.XE) and RWE (RWE.XE) are trading lower Friday due to RWE's weak 2011 outlook from Thursday, a trader says, adding better sales prospects haven't been on RWE's horizon for a long time. But a price-to-earnings ratio well-below 10 isn't justified, another trader says.
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Παρ, 25 Φεβρουαρίου 2011 - 17:38
Utilities E.ON (EOAN.XE) and RWE (RWE.XE) are trading lower Friday due to RWE's weak 2011 outlook from Thursday, a trader says, adding better sales prospects haven't been on RWE's horizon for a long time. But a price-to-earnings ratio well-below 10 isn't justified, another trader says. 
He notes RWE's EPS earnings estimate for 2012 is still above EUR4, and potential higher electricity prices could support investor sentiment. RWE shares 0.4% lower at EUR49.21, E.ON down 0.8% at EUR23.65.

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