Barclays Reiterates €12.50 Price Target for E.On (FRA:EOAN)

E.On (FRA:EOANGet Rating) has been assigned a €12.50 ($13.16) target price by equities researchers at Barclays in a report issued on Wednesday, Borsen Zeitung reports. Barclays‘s price objective suggests a potential upside of 26.85% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group set a €9.80 ($10.32) price objective on shares of E.On in a research report on Wednesday. Sanford C. Bernstein set a €12.80 ($13.47) target price on shares of E.On in a research note on Tuesday, April 5th. The Goldman Sachs Group set a €12.90 ($13.58) target price on shares of E.On in a research note on Tuesday, May 3rd. Berenberg Bank set a €13.00 ($13.68) target price on shares of E.On in a research note on Monday, March 14th. Finally, JPMorgan Chase & Co. set a €12.50 ($13.16) target price on shares of E.On in a research note on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of €12.30 ($12.95).

Shares of EOAN traded up €0.09 ($0.09) during trading hours on Wednesday, hitting €9.85 ($10.37). 8,020,684 shares of the stock were exchanged. E.On has a fifty-two week low of €6.70 ($7.05) and a fifty-two week high of €10.80 ($11.37). The business has a 50-day moving average of €10.33 and a 200-day moving average of €11.19.

E.On Company Profile (Get Rating)

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.

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