UBS Group set a €9.30 ($10.81) price objective on E.On (FRA:EOAN) in a report released on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. set a €7.75 ($9.01) price objective on shares of E.On and gave the stock a sell rating in a report on Wednesday, October 30th. Barclays set a €9.50 ($11.05) price objective on shares of E.On and gave the stock a buy rating in a report on Wednesday, October 16th. DZ Bank reaffirmed a sell rating on shares of E.On in a report on Tuesday, September 17th. Deutsche Bank set a €9.20 ($10.70) price objective on shares of E.On and gave the stock a neutral rating in a report on Thursday, November 21st. Finally, Goldman Sachs Group set a €8.95 ($10.41) price objective on shares of E.On and gave the stock a sell rating in a report on Tuesday, November 19th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of €9.61 ($11.18).
EOAN stock opened at €9.50 ($11.04) on Friday. The company has a 50-day simple moving average of €8.98 and a 200 day simple moving average of €9.13. 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 supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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