E.On (FRA:EOAN) has been given a €9.20 ($10.70) price target by analysts at Deutsche Bank in a research report issued on Monday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 2.64% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein set a €11.00 ($12.79) target price on E.On and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group set a €10.00 ($11.63) target price on E.On and gave the stock a “buy” rating in a report on Friday. Oddo Bhf set a €10.60 ($12.33) price objective on E.On and gave the company a “buy” rating in a report on Wednesday, September 18th. Credit Suisse Group set a €10.00 ($11.63) price objective on E.On and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Independent Research set a €9.70 ($11.28) price objective on E.On and gave the company a “neutral” rating in a report on Friday. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of €9.70 ($11.28).
EOAN stock opened at €9.45 ($10.99) on Monday. The stock has a 50-day moving average price of €8.98 and a two-hundred day moving average price of €9.13. E.On has a 1 year low of €6.70 ($7.79) and a 1 year 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 supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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