E.On (FRA:EOAN – Get Rating) has been assigned a €9.30 ($10.00) target price by Sanford C. Bernstein in a research report issued on Wednesday, Borsen Zeitung reports. Sanford C. Bernstein’s target price would suggest a potential downside of 14.25% from the company’s previous close.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. set a €10.50 ($11.29) price target on E.On in a report on Wednesday, February 8th. Morgan Stanley set a €9.50 ($10.22) price target on E.On in a report on Monday, January 9th. The Goldman Sachs Group set a €11.35 ($12.20) price objective on E.On in a research note on Wednesday, February 8th. Royal Bank of Canada set a €10.25 ($11.02) price target on E.On in a research note on Monday. Finally, UBS Group set a €10.20 ($10.97) price objective on E.On in a report on Monday, February 27th.
E.On Price Performance
E.On stock opened at €10.85 ($11.66) on Wednesday. The company’s fifty day moving average price is €10.08 and its 200 day moving average price is €9.17. E.On has a 1 year low of €6.70 ($7.20) and a 1 year high of €10.80 ($11.61).
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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