E.On (FRA:EOAN) Given a €8.00 Price Target at Kepler Capital Markets

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).

About E.On

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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