E.On (FRA:EOAN – Get Rating) has been given a €9.30 ($10.00) price objective by equities research analysts at Sanford C. Bernstein in a research report issued to clients and investors 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.
Several other equities analysts also recently commented on EOAN. Morgan Stanley set a €9.50 ($10.22) target price on shares of E.On in a report on Monday, January 9th. Royal Bank of Canada set a €10.25 ($11.02) target price on shares of E.On in a report on Monday. Jefferies Financial Group set a €10.50 ($11.29) price target on shares of E.On in a research note on Monday, February 27th. The Goldman Sachs Group set a €11.35 ($12.20) price target on shares of E.On in a research note on Wednesday, February 8th. Finally, UBS Group set a €10.20 ($10.97) price target on shares of E.On in a research note on Monday, February 27th.
E.On Trading Up 4.5 %
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 company has a 50 day simple moving average of €10.08 and a two-hundred day simple moving average of €9.17.
About E.On
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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