E.On (OTCMKTS:EONGY) Rating Increased to Buy at The Goldman Sachs Group

E.On (OTCMKTS:EONGY) was upgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Monday, The Fly reports.

A number of other analysts have also issued reports on EONGY. Barclays reiterated an “equal weight” rating on shares of E.On in a research note on Tuesday, January 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of E.On in a research report on Friday, March 26th. UBS Group reiterated a “buy” rating on shares of E.On in a research report on Friday, February 19th. Zacks Investment Research upgraded E.On from a “sell” rating to a “hold” rating in a research report on Monday, March 15th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of E.On in a research note on Monday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.

EONGY opened at $11.88 on Monday. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.21 and a beta of 0.36. E.On has a 1-year low of $8.95 and a 1-year high of $12.32. The company’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $10.91. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 3.46.

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, Turkey, 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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Analyst Recommendations for E.On (OTCMKTS:EONGY)

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