E.On (FRA:EOAN) PT Set at €10.50 by JPMorgan Chase & Co.

E.On (FRA:EOAN – Get Rating) has been given a €10.50 ($11.29) price target by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 3.18% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group set a €10.50 ($11.29) price target on shares of E.On in a report on Wednesday. Sanford C. Bernstein set a €9.30 ($10.00) price target on shares of E.On in a research report on Wednesday. Morgan Stanley set a €9.50 ($10.22) price objective on shares of E.On in a report on Monday, January 9th. Royal Bank of Canada set a €10.25 ($11.02) price objective on shares of E.On in a report on Monday. Finally, UBS Group set a €10.20 ($10.97) price objective on shares of E.On in a report on Wednesday.

E.On Stock Up 4.5 %

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’s fifty day simple moving average is €10.08 and its 200-day simple moving average is €9.17.

About E.On

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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.