Goldman Sachs Group set a €8.95 ($10.41) price target on E.On (FRA:EOAN) in a research report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other analysts have also recently issued reports on the company. Sanford C. Bernstein set a €11.00 ($12.79) price objective on E.On and gave the company a buy rating in a research report on Friday, September 6th. Jefferies Financial Group set a €7.80 ($9.07) price objective on E.On and gave the company a neutral rating in a research report on Monday, August 19th. UBS Group set a €9.65 ($11.22) price objective on E.On and gave the company a neutral rating in a research report on Tuesday, August 13th. Berenberg Bank set a €8.50 ($9.88) price objective on E.On and gave the company a neutral rating in a research report on Monday, August 19th. Finally, DZ Bank reaffirmed a sell rating on shares of E.On in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of €9.76 ($11.35).
EOAN opened at €9.08 ($10.55) on Tuesday. E.On has a 12-month low of €6.70 ($7.79) and a 12-month high of €10.80 ($12.56). The business has a 50 day moving average of €8.65 and a 200-day moving average of €9.42.
E.On Company Profile
E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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