E.On (OTCMKTS:EONGY) Reaches New 1-Year High – Time to Buy?

E.On Se (OTCMKTS:EONGY) reached a new 52-week high on Saturday . The stock traded as high as $22.10 and last traded at $22.08, with a volume of 83289 shares trading hands. The stock had previously closed at $21.79.

Analysts Set New Price Targets

Several research firms recently commented on EONGY. Zacks Research cut E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Wall Street Zen lowered E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Citigroup reaffirmed a “neutral” rating on shares of E.On in a report on Friday, February 6th. Bank of America downgraded shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Finally, Berenberg Bank cut shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

E.On Stock Up 1.3%

The business has a 50-day simple moving average of $19.70 and a two-hundred day simple moving average of $18.86. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.