Berenberg Bank set a €8.50 ($9.88) price objective on E.On (FRA:EOAN) in a report published on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other analysts also recently weighed in on the company. Independent Research set a €9.80 ($11.40) price target on E.On and gave the company a neutral rating in a research note on Wednesday, August 7th. Royal Bank of Canada set a €10.00 ($11.63) price target on E.On and gave the company a neutral rating in a research note on Wednesday, August 7th. Nord/LB set a €13.00 ($15.12) price target on E.On and gave the company a buy rating in a research note on Wednesday, August 7th. Jefferies Financial Group set a €7.80 ($9.07) price target on E.On and gave the company a neutral rating in a research note on Monday. Finally, UBS Group set a €9.65 ($11.22) target price on E.On and gave the stock a neutral rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €9.93 ($11.55).
E.On stock opened at €8.10 ($9.42) on Monday. The business’s 50-day simple moving average is €9.08 and its two-hundred day simple moving average is €9.54. E.On has a fifty-two week low of €6.70 ($7.79) and a fifty-two week high of €10.80 ($12.56).
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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