E.On (FRA:EOAN) has been given a €11.50 ($13.37) target price by stock analysts at Sanford C. Bernstein in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 31.56% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Jefferies Financial Group set a €11.00 ($12.79) price objective on E.On and gave the company a “buy” rating in a research report on Wednesday, August 8th. Societe Generale set a €9.50 ($11.05) price objective on E.On and gave the company a “neutral” rating in a research report on Friday, September 28th. JPMorgan Chase & Co. set a €11.50 ($13.37) price objective on E.On and gave the company a “buy” rating in a research report on Thursday. HSBC set a €10.20 ($11.86) price objective on E.On and gave the company a “neutral” rating in a research report on Thursday, September 6th. Finally, Goldman Sachs Group set a €10.40 ($12.09) price objective on E.On and gave the company a “buy” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. E.On presently has a consensus rating of “Buy” and an average price target of €10.53 ($12.24).
E.On stock traded up €0.04 ($0.05) during midday trading on Friday, reaching €8.74 ($10.16). 8,555,254 shares of the stock traded hands. E.On has a 12 month low of €6.70 ($7.79) and a 12 month high of €10.80 ($12.56).
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 distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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