E.On (FRA:EOAN) has been given a €11.50 ($13.37) price target by stock analysts at Sanford C. Bernstein in a note issued to investors on Wednesday, August 7th, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 40.71% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Macquarie set a €9.70 ($11.28) target price on shares of E.On and gave the company a “neutral” rating in a research note on Monday, June 17th. Jefferies Financial Group set a €8.20 ($9.53) target price on shares of E.On and gave the company a “sell” rating in a research note on Wednesday, August 7th. Barclays set a €10.00 ($11.63) target price on shares of E.On and gave the company a “neutral” rating in a research note on Wednesday, June 19th. Kepler Capital Markets set a €11.00 ($12.79) target price on shares of E.On and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, HSBC set a €11.30 ($13.14) target price on shares of E.On and gave the company a “buy” rating in a research note on Thursday, April 25th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. E.On has a consensus rating of “Hold” and an average price target of €10.03 ($11.66).
E.On stock opened at €8.17 ($9.50) on Wednesday. The firm’s fifty day moving average price is €9.27 and its 200 day moving average price is €9.59. 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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