Goldman Sachs Group Reiterates €8.95 Price Target for E.On (FRA:EOAN)

Goldman Sachs Group set a €8.95 ($10.41) price target on E.On (FRA:EOAN) in a research note released on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group set a €7.80 ($9.07) price objective on E.On and gave the company a neutral rating in a report on Monday, August 19th. Berenberg Bank set a €8.50 ($9.88) price objective on E.On and gave the company a neutral rating in a report on Monday, August 19th. UBS Group set a €9.65 ($11.22) price objective on E.On and gave the company a neutral rating in a report on Tuesday, August 13th. DZ Bank reissued a sell rating on shares of E.On in a report on Wednesday, August 7th. Finally, Independent Research set a €9.30 ($10.81) price objective on E.On and gave the company a neutral rating in a report on Friday, September 6th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of €9.76 ($11.35).

Shares of EOAN opened at €9.08 ($10.55) on Tuesday. E.On has a 52-week low of €6.70 ($7.79) and a 52-week high of €10.80 ($12.56). The business’s fifty day moving average is €8.65 and its 200-day moving average is €9.42.

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

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Analyst Recommendations for E.On (FRA:EOAN)

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