E.On (FRA:EOAN – Get Rating) received a €10.20 ($10.97) target price from investment analysts at UBS Group in a note issued to investors on Wednesday, Borsen Zeitung reports. UBS Group’s price objective points to a potential downside of 5.95% from the company’s previous close.
Several other analysts have also recently commented on the stock. Berenberg Bank set a €12.00 ($12.90) target price on shares of E.On in a research note on Tuesday, January 24th. Morgan Stanley set a €9.50 ($10.22) price objective on shares of E.On in a research note on Monday, January 9th. The Goldman Sachs Group set a €11.35 ($12.20) target price on shares of E.On in a report on Wednesday, February 8th. Sanford C. Bernstein set a €9.30 ($10.00) target price on shares of E.On in a report on Wednesday. Finally, Jefferies Financial Group set a €10.50 ($11.29) target price on shares of E.On in a report on Monday, February 27th.
E.On Trading Up 4.5 %
Shares of FRA:EOAN opened at €10.85 ($11.66) on Wednesday. E.On has a 1-year low of €6.70 ($7.20) and a 1-year high of €10.80 ($11.61). The firm has a fifty day moving average price of €10.08 and a 200 day moving average price of €9.17.
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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