Deutsche Bank Aktiengesellschaft set a €11.50 ($13.53) target price on E.On (FRA:EOAN) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also issued reports on EOAN. Credit Suisse Group set a €11.00 ($12.94) target price on E.On and gave the stock a buy rating in a research note on Tuesday, April 13th. UBS Group set a €10.50 ($12.35) target price on E.On and gave the stock a neutral rating in a research note on Wednesday. Royal Bank of Canada set a €10.00 ($11.76) price objective on E.On and gave the company a neutral rating in a research note on Tuesday, May 11th. JPMorgan Chase & Co. set a €10.00 ($11.76) target price on shares of E.On and gave the stock a neutral rating in a research note on Wednesday, March 24th. Finally, Berenberg Bank set a €11.00 ($12.94) target price on shares of E.On and gave the company a buy rating in a report on Tuesday, April 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. E.On has a consensus rating of Hold and a consensus target price of €10.90 ($12.82).
EOAN opened at €10.59 ($12.46) on Wednesday. The stock’s 50-day moving average price is €10.03 and its 200 day moving average price is €9.19. E.On has a 12-month low of €6.70 ($7.88) and a 12-month high of €10.80 ($12.71).
E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, Turkey, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.
Further Reading: Fundamental Analysis and Individual Investors
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