E.On (FRA:EOAN) received a €10.00 ($11.63) price target from investment analysts at UBS Group in a note issued to investors on Monday, November 12th, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 12.71% from the stock’s previous close.
Several other brokerages have also recently issued reports on EOAN. Sanford C. Bernstein set a €12.00 ($13.95) price objective on E.On and gave the stock a “buy” rating in a research note on Monday, July 16th. Independent Research set a €10.60 ($12.33) price objective on E.On and gave the stock a “neutral” rating in a research note on Thursday, July 19th. Morgan Stanley set a €10.50 ($12.21) price objective on E.On and gave the stock a “neutral” rating in a research note on Friday, July 20th. Credit Suisse Group set a €10.00 ($11.63) price objective on E.On and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. Finally, JPMorgan Chase & Co. set a €11.50 ($13.37) price objective on E.On and gave the stock a “buy” rating in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. E.On currently has a consensus rating of “Buy” and an average target price of €10.28 ($11.95).
Shares of EOAN stock traded up €0.05 ($0.06) during mid-day trading on Monday, reaching €8.87 ($10.32). 8,253,056 shares of the company were exchanged. 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 Company Profile
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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