E.On (FRA:EOAN) received a €9.30 ($10.81) price target from stock analysts at Berenberg Bank in a note issued to investors on Tuesday, April 9th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 0.85% from the stock’s previous close.
Other research analysts have also issued reports about the company. Kepler Capital Markets set a €10.00 ($11.63) price objective on E.On and gave the stock a “buy” rating in a research report on Thursday, January 24th. HSBC set a €10.50 ($12.21) price target on E.On and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Sanford C. Bernstein set a €11.50 ($13.37) price target on E.On and gave the stock a “buy” rating in a research report on Monday, December 17th. Goldman Sachs Group set a €10.40 ($12.09) price target on E.On and gave the stock a “buy” rating in a research report on Tuesday, December 18th. Finally, UBS Group set a €10.00 ($11.63) price target on E.On and gave the stock a “buy” rating in a research report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. E.On currently has an average rating of “Hold” and an average price target of €10.33 ($12.02).
E.On stock traded down €0.05 ($0.06) during mid-day trading on Tuesday, hitting €9.38 ($10.91). The company’s stock had a trading volume of 11,927,190 shares. 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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