E.On (FRA:EOAN) Given a €12.80 Price Target by Sanford C. Bernstein Analysts

E.On (FRA:EOANGet Rating) received a €12.80 ($13.47) price target from stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. Sanford C. Bernstein’s price objective would indicate a potential upside of 29.90% from the stock’s previous close.

A number of other analysts have also weighed in on EOAN. Royal Bank of Canada set a €12.00 ($12.63) price target on shares of E.On in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a €13.00 ($13.68) target price on shares of E.On in a report on Thursday, March 17th. Barclays set a €12.50 ($13.16) target price on shares of E.On in a report on Wednesday. The Goldman Sachs Group set a €12.90 ($13.58) target price on shares of E.On in a report on Tuesday, May 3rd. Finally, Berenberg Bank set a €13.00 ($13.68) target price on shares of E.On in a report on Monday, March 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of €12.30 ($12.95).

Shares of FRA:EOAN traded up €0.09 ($0.09) during trading on Wednesday, reaching €9.85 ($10.37). The company had a trading volume of 8,020,684 shares. The firm’s fifty day moving average is €10.33 and its 200 day moving average is €11.19. E.On has a twelve month low of €6.70 ($7.05) and a twelve month high of €10.80 ($11.37).

About E.On (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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