Goldman Sachs Group Reiterates €10.40 Price Target for E.On (EOAN)

E.On (FRA:EOAN) received a €10.40 ($12.09) target price from stock analysts at Goldman Sachs Group in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 20.37% from the company’s previous close.

EOAN has been the subject of several other reports. Royal Bank of Canada set a €10.25 ($11.92) price objective on E.On and gave the company a “buy” rating in a research report on Wednesday, August 8th. Credit Suisse Group set a €10.00 ($11.63) price objective on E.On and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Sanford C. Bernstein set a €12.00 ($13.95) price objective on E.On and gave the company a “buy” rating in a research report on Monday, July 16th. Morgan Stanley set a €10.50 ($12.21) price objective on E.On and gave the company a “neutral” rating in a research report on Friday, July 20th. Finally, Jefferies Financial Group set a €11.00 ($12.79) price objective on E.On and gave the company a “buy” rating in a research report on Wednesday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of €10.59 ($12.32).

Shares of EOAN traded up €0.04 ($0.05) on Friday, hitting €8.64 ($10.05). The company’s stock had a trading volume of 7,006,164 shares. E.On has a fifty-two week low of €6.70 ($7.79) and a fifty-two week high of €10.80 ($12.56).

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 distributes 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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