E.On (FRA:EOAN) has been given a €8.00 ($9.30) price target by investment analysts at Kepler Capital Markets in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Kepler Capital Markets’ price objective suggests a potential downside of 20.06% from the company’s previous close.
A number of other research analysts also recently issued reports on EOAN. Sanford C. Bernstein set a €11.00 ($12.79) price objective on E.On and gave the company a “buy” rating in a research note on Thursday, January 9th. Royal Bank of Canada set a €10.25 ($11.92) price objective on E.On and gave the company a “buy” rating in a research note on Friday, November 29th. Barclays set a €9.50 ($11.05) price objective on E.On and gave the company a “buy” rating in a research note on Friday, November 29th. UBS Group set a €9.30 ($10.81) price objective on E.On and gave the company a “neutral” rating in a research note on Friday, November 29th. Finally, Morgan Stanley set a €9.50 ($11.05) price objective on E.On and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €9.87 ($11.48).
Shares of FRA:EOAN opened at €10.01 ($11.64) on Tuesday. The business has a fifty day moving average price of €9.46 and a two-hundred day moving average price of €9.11. E.On has a 1 year low of €6.70 ($7.79) and a 1 year 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 supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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