E.On (FRA:EOAN) Given a €8.95 Price Target at Goldman Sachs Group

E.On (FRA:EOAN) has been given a €8.95 ($10.41) price target by research analysts at Goldman Sachs Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s target price indicates a potential downside of 1.84% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. HSBC set a €10.00 ($11.63) price target on shares of E.On and gave the company a “buy” rating in a research report on Thursday, September 26th. Oddo Bhf set a €10.60 ($12.33) price target on shares of E.On and gave the company a “buy” rating in a research report on Wednesday, September 18th. Jefferies Financial Group set a €10.00 ($11.63) price target on shares of E.On and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada set a €10.25 ($11.92) price target on shares of E.On and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Barclays set a €9.50 ($11.05) price target on shares of E.On and gave the company a “buy” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. E.On currently has a consensus rating of “Hold” and an average target price of €9.60 ($11.16).

FRA EOAN traded down €0.05 ($0.06) during trading hours on Tuesday, hitting €9.12 ($10.60). The company’s stock had a trading volume of 6,052,302 shares. E.On has a 52 week low of €6.70 ($7.79) and a 52 week high of €10.80 ($12.56). The company’s 50-day simple moving average is €8.92 and its two-hundred day simple moving average is €9.16.

About E.On

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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