E.On (FRA:EOAN – Get Rating) has been assigned a €12.50 ($13.02) price target by investment analysts at The Goldman Sachs Group in a report issued on Friday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective indicates a potential upside of 47.13% from the company’s current price.
EOAN has been the topic of several other research reports. Sanford C. Bernstein set a €12.80 ($13.33) price objective on shares of E.On in a research report on Friday. Deutsche Bank Aktiengesellschaft set a €13.00 ($13.54) price target on shares of E.On in a research report on Thursday, March 17th. Berenberg Bank set a €13.00 ($13.54) price target on shares of E.On in a research report on Monday, March 14th. JPMorgan Chase & Co. set a €12.50 ($13.02) price target on shares of E.On in a research report on Thursday, May 26th. Finally, Bank of America set a €12.10 ($12.60) price target on shares of E.On in a research report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of €12.26 ($12.77).
Shares of E.On stock traded down €0.60 ($0.63) on Friday, hitting €8.50 ($8.85). 22,859,870 shares of the company traded hands. E.On has a 52 week low of €6.70 ($6.98) and a 52 week high of €10.80 ($11.25). The business has a 50-day simple moving average of €9.90 and a 200 day simple moving average of €10.96.
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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