E.On (FRA:EOAN) has been given a €11.00 ($12.79) target price by Morgan Stanley in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Morgan Stanley’s target price points to a potential downside of 0.94% from the company’s current price.
Several other equities research analysts have also issued reports on EOAN. Deutsche Bank set a €10.50 ($12.21) price objective on shares of E.On and gave the company a “neutral” rating in a research note on Monday, February 3rd. DZ Bank reaffirmed a “sell” rating on shares of E.On in a research note on Monday, January 6th. Royal Bank of Canada set a €10.25 ($11.92) target price on shares of E.On and gave the stock a “buy” rating in a research report on Friday, November 29th. Kepler Capital Markets set a €10.00 ($11.63) target price on shares of E.On and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group set a €11.00 ($12.79) target price on shares of E.On and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of €10.48 ($12.18).
EOAN stock opened at €11.10 ($12.91) on Thursday. E.On has a 1 year low of €6.70 ($7.79) and a 1 year high of €10.80 ($12.56). The company has a fifty day simple moving average of €10.11 and a 200 day simple moving average of €9.24.
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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