HSBC set a €10.00 ($11.63) price objective on E.On (FRA:EOAN) in a research report released on Thursday, September 26th, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued research reports about the company. Macquarie set a €9.70 ($11.28) target price on E.On and gave the stock a neutral rating in a research note on Monday, June 17th. Goldman Sachs Group set a €8.95 ($10.41) price target on E.On and gave the stock a sell rating in a research report on Tuesday, September 17th. Jefferies Financial Group set a €7.80 ($9.07) price target on E.On and gave the stock a neutral rating in a research report on Monday, August 19th. Barclays set a €9.50 ($11.05) target price on E.On and gave the company a buy rating in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. set a €7.75 ($9.01) target price on E.On and gave the company a sell rating in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. E.On has an average rating of Hold and an average price target of €9.64 ($11.21).
Shares of EOAN traded up €0.16 ($0.19) during mid-day trading on Thursday, reaching €8.84 ($10.28). The company had a trading volume of 9,086,836 shares. E.On has a 52-week low of €6.70 ($7.79) and a 52-week high of €10.80 ($12.56). The stock has a 50 day moving average of €8.67 and a two-hundred day moving average of €9.34.
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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