E.On (FRA:EOAN) Given a €8.50 Price Target at Berenberg Bank

Berenberg Bank set a €8.50 ($9.88) price objective on E.On (FRA:EOAN) in a report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on EOAN. DZ Bank restated a sell rating on shares of E.On in a research report on Tuesday, September 17th. Royal Bank of Canada set a €10.00 ($11.63) target price on shares of E.On and gave the company a neutral rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. set a €7.75 ($9.01) target price on shares of E.On and gave the company a sell rating in a research report on Wednesday, August 28th. Independent Research set a €9.80 ($11.40) target price on shares of E.On and gave the company a neutral rating in a research report on Wednesday. Finally, Jefferies Financial Group set a €7.80 ($9.07) target price on shares of E.On and gave the company a neutral rating in a research report on Monday, August 19th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of €9.65 ($11.22).

Shares of E.On stock opened at €9.02 ($10.49) on Wednesday. E.On has a twelve month low of €6.70 ($7.79) and a twelve month high of €10.80 ($12.56). The company has a 50-day simple moving average of €8.64 and a two-hundred day simple moving average of €9.42.

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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Analyst Recommendations for E.On (FRA:EOAN)

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