UBS Group set a €9.65 ($11.22) price objective on E.On (FRA:EOAN) in a research note published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also weighed in on EOAN. Oddo Bhf set a €10.60 ($12.33) price objective on shares of E.On and gave the company a neutral rating in a research report on Wednesday, May 15th. Royal Bank of Canada set a €10.00 ($11.63) target price on shares of E.On and gave the company a neutral rating in a report on Wednesday, August 7th. Macquarie set a €9.70 ($11.28) target price on shares of E.On and gave the company a neutral rating in a report on Monday, June 17th. HSBC set a €10.00 ($11.63) target price on shares of E.On and gave the company a buy rating in a report on Monday. Finally, JPMorgan Chase & Co. set a €8.30 ($9.65) target price on shares of E.On and gave the company a sell rating in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of €10.03 ($11.66).
FRA:EOAN opened at €8.22 ($9.56) on Tuesday. The firm has a 50 day simple moving average of €9.27 and a 200-day simple moving average of €9.59. E.On has a 1-year low of €6.70 ($7.79) and a 1-year 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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