E.On (FRA:EOAN) has been given a €10.00 ($11.63) target price by research analysts at Credit Suisse Group in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 9.03% from the stock’s current price.
Other analysts also recently issued research reports about the company. Royal Bank of Canada set a €10.25 ($11.92) target price on E.On and gave the company a “buy” rating in a research note on Friday. Oddo Bhf set a €10.60 ($12.33) target price on E.On and gave the company a “buy” rating in a research note on Wednesday, September 18th. Morgan Stanley set a €9.50 ($11.05) target price on E.On and gave the company a “neutral” rating in a research note on Monday. Deutsche Bank set a €9.20 ($10.70) target price on E.On and gave the company a “neutral” rating in a research note on Monday. Finally, HSBC set a €10.00 ($11.63) target price on E.On and gave the company a “buy” rating in a research note on Thursday, September 26th. Four equities 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 price target of €9.70 ($11.28).
Shares of EOAN opened at €9.17 ($10.67) on Tuesday. The business’s 50 day moving average is €9.02 and its 200 day moving average is €9.13. E.On has a 12-month low of €6.70 ($7.79) and a 12-month 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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