Kepler Capital Markets set a €8.00 ($9.30) target price on E.On (FRA:EOAN) in a report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Other research analysts have also recently issued reports about the company. HSBC set a €10.00 ($11.63) price objective on E.On and gave the stock a buy rating in a research note on Monday, August 12th. Goldman Sachs Group set a €8.95 ($10.41) price objective on E.On and gave the stock a sell rating in a research note on Tuesday, September 17th. Sanford C. Bernstein set a €11.00 ($12.79) price objective on E.On and gave the stock a buy rating in a research note on Friday, September 6th. JPMorgan Chase & Co. set a €7.75 ($9.01) price objective on E.On and gave the stock a sell rating in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group set a €7.80 ($9.07) price objective on E.On and gave the stock a neutral rating in a research note on Monday, August 19th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of €9.65 ($11.22).
Shares of FRA:EOAN opened at €9.02 ($10.49) on Wednesday. E.On has a 52-week low of €6.70 ($7.79) and a 52-week high of €10.80 ($12.56). The business has a 50-day moving average price of €8.64 and a 200-day moving average price 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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