E.On (EONGY) Rating Increased to Buy at Zacks Investment Research

E.On (OTCMKTS:EONGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $12.00 target price on the utilities provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 7.62% from the company’s previous close.

According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “

Separately, Royal Bank of Canada raised shares of E.On from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.00.

Shares of E.On (EONGY) opened at $11.15 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.90 and a current ratio of 0.93. E.On has a 1 year low of $6.70 and a 1 year high of $12.49.

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About E.On

E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.

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