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.
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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