E.On (FRA:EOAN) received a €9.50 ($11.05) target price from research analysts at Morgan Stanley in a research note issued on Wednesday, September 12th. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 9.92% from the company’s current price.
A number of other research analysts have also issued reports on EOAN. UBS Group set a €10.00 ($11.63) price target on shares of E.On and gave the company a “buy” rating in a research note on Wednesday, June 27th. Independent Research set a €10.30 ($11.98) price target on shares of E.On and gave the company a “neutral” rating in a research note on Wednesday, June 27th. Societe Generale set a €10.80 ($12.56) price target on shares of E.On and gave the company a “buy” rating in a research note on Wednesday, July 4th. DZ Bank restated a “buy” rating on shares of E.On in a research note on Wednesday, July 11th. Finally, Sanford C. Bernstein set a €12.00 ($13.95) price target on shares of E.On and gave the company a “buy” rating in a research note on Wednesday, August 8th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of €10.63 ($12.36).
E.On stock traded down €0.04 ($0.05) during mid-day trading on Wednesday, reaching €8.64 ($10.05). 12,532,924 shares of the company traded hands. E.On has a fifty-two week low of €6.70 ($7.79) and a fifty-two week 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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