E.On (EOAN) PT Set at €8.20 by Jefferies Financial Group

E.On (FRA:EOAN) has been given a €8.20 ($9.53) target price by equities researchers at Jefferies Financial Group in a research note issued on Monday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Jefferies Financial Group’s price target suggests a potential downside of 11.75% from the stock’s current price.

Several other research analysts also recently commented on EOAN. Independent Research set a €9.90 ($11.51) price objective on E.On and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Berenberg Bank set a €9.00 ($10.47) price objective on E.On and gave the stock a “neutral” rating in a research note on Thursday. Barclays set a €10.00 ($11.63) price objective on E.On and gave the stock a “neutral” rating in a research note on Monday, May 13th. UBS Group set a €9.65 ($11.22) price objective on E.On and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada set a €10.00 ($11.63) price objective on E.On and gave the stock a “neutral” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. E.On presently has a consensus rating of “Hold” and an average price target of €10.28 ($11.95).

FRA EOAN opened at €9.29 ($10.80) on Monday. E.On has a 52 week low of €6.70 ($7.79) and a 52 week high of €10.80 ($12.56).

About E.On

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.

Further Reading: Overbought

Analyst Recommendations for E.On (FRA:EOAN)

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