Royal Bank of Canada Reiterates €9.50 Price Target for E.On (FRA:EOAN)

E.On (FRA:EOAN) received a €9.50 ($11.05) price objective from Royal Bank of Canada in a report issued on Thursday, September 27th. The brokerage currently has a “neutral” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 14.58% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. UBS Group set a €10.00 ($11.63) target price on shares of E.On and gave the stock a “buy” rating in a research report on Wednesday, June 27th. Nord/LB set a €13.00 ($15.12) target price on shares of E.On and gave the stock a “buy” rating in a research report on Wednesday, June 27th. Sanford C. Bernstein set a €12.00 ($13.95) target price on shares of E.On and gave the stock a “buy” rating in a research report on Monday, June 18th. DZ Bank reiterated a “buy” rating on shares of E.On in a research report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. set a €11.50 ($13.37) target price on shares of E.On and gave the stock a “buy” rating in a research report on Monday, July 9th. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of €10.58 ($12.30).

FRA EOAN traded down €0.05 ($0.06) on Thursday, reaching €8.29 ($9.64). The company’s stock had a trading volume of 10,082,849 shares. 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 distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

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