Several other equities analysts also recently commented on the company. Goldman Sachs Group set a €8.95 ($10.41) price objective on E.On and gave the company a sell rating in a research note on Wednesday, August 14th. DZ Bank reiterated a sell rating on shares of E.On in a research note on Wednesday, August 7th. Royal Bank of Canada set a €10.00 ($11.63) price objective on E.On and gave the company a neutral rating in a research note on Wednesday, August 7th. Sanford C. Bernstein set a €11.00 ($12.79) price objective on E.On and gave the company a buy rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. set a €7.75 ($9.01) price objective on E.On and gave the company a sell rating in a research note on Wednesday, August 28th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €9.76 ($11.35).
E.On stock opened at €9.08 ($10.55) on Tuesday. E.On has a 12 month low of €6.70 ($7.79) and a 12 month high of €10.80 ($12.56). The business’s 50 day simple moving average is €8.65 and its 200 day simple moving average is €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.
Further Reading: Growth Stocks
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