E.On (FRA:EOAN) Given a €9.80 Price Target at Independent Research

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E.On (FRA:EOAN) has been given a €9.80 ($11.40) price target by stock analysts at Independent Research in a note issued to investors on Wednesday, August 7th, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Independent Research’s price target would suggest a potential upside of 19.91% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Nord/LB set a €13.00 ($15.12) target price on shares of E.On and gave the company a “buy” rating in a research note on Thursday, May 16th. 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, August 7th. 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. Oddo Bhf set a €10.60 ($12.33) target price on shares of E.On and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Finally, HSBC set a €11.30 ($13.14) price target on shares of E.On and gave the stock 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 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 supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

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Analyst Recommendations for E.On (FRA:EOAN)

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