E.On (FRA:EOAN) PT Set at €10.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €10.00 ($11.63) price objective on E.On (FRA:EOAN) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the company. Goldman Sachs Group set a €15.00 ($17.44) price target on freenet and gave the stock a sell rating in a research report on Monday, May 13th. Oddo Bhf set a €16.50 ($19.19) price target on UniCredit and gave the stock a buy rating in a research report on Wednesday, May 15th. Jefferies Financial Group dropped their price target on Albemarle from $114.00 to $90.00 and set a buy rating on the stock in a research report on Monday, May 20th. They noted that the move was a valuation call. Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the stock a buy rating in a research report on Thursday, May 16th. Finally, Nord/LB set a €0.00 ($0.00) price target on KWS Saat and gave the stock a neutral rating in a research report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of €10.25 ($11.92).

Shares of E.On stock traded down €0.05 ($0.06) on Wednesday, reaching €9.49 ($11.03). 8,469,915 shares of the company were exchanged. The stock has a 50-day moving average price of €9.68. E.On has a 1-year low of €6.70 ($7.79) and a 1-year 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.

See Also: Systematic Risk

Analyst Recommendations for E.On (FRA:EOAN)

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