E.On (FRA:EOAN) received a €9.70 ($11.28) price target from investment analysts at Macquarie in a report issued on Monday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Macquarie’s target price would suggest a potential downside of 3.87% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. Goldman Sachs Group set a €11.40 ($13.26) target price on shares of E.On and gave the company a “buy” rating in a research note on Monday, February 25th. 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 Wednesday, March 13th. Kepler Capital Markets set a €10.00 ($11.63) target price on shares of E.On and gave the company a “buy” rating in a research note on Wednesday, March 13th. HSBC set a €10.50 ($12.21) target price on shares of E.On and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Sanford C. Bernstein set a €11.50 ($13.37) price target on shares of E.On and gave the stock a “buy” rating in a report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €10.25 ($11.92).
EOAN opened at €10.09 ($11.73) on Monday. 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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