E.On (FRA:EOAN) has been given a €8.00 ($9.30) price objective by analysts at Kepler Capital Markets in a report released on Tuesday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Kepler Capital Markets’ price target would suggest a potential downside of 20.06% from the company’s previous close.
Several other equities analysts have also issued reports on the company. Berenberg Bank set a €8.50 ($9.88) price target on E.On and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Deutsche Bank set a €9.40 ($10.93) price target on E.On and gave the stock a “neutral” rating in a research report on Monday, January 6th. Sanford C. Bernstein set a €11.00 ($12.79) price target on E.On and gave the stock a “buy” rating in a research report on Thursday, January 9th. Barclays set a €9.50 ($11.05) price target on E.On and gave the stock a “buy” rating in a research report on Friday, November 29th. Finally, Credit Suisse Group set a €10.00 ($11.63) price target on E.On and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of €9.87 ($11.48).
EOAN opened at €10.01 ($11.64) on Tuesday. The stock’s 50 day simple moving average is €9.46 and its 200 day simple moving average is €9.11. E.On has a 1 year low of €6.70 ($7.79) and a 1 year high of €10.80 ($12.56).
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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