E.On (OTCMKTS:EONGY) Reaches New 52-Week Low at $7.80

E.On Se (OTCMKTS:EONGYGet Rating)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $7.80 and last traded at $7.95, with a volume of 131186 shares. The stock had previously closed at $8.25.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EONGY shares. Berenberg Bank reduced their price objective on shares of E.On from €13.00 ($13.27) to €12.50 ($12.76) in a research note on Friday, July 15th. The Goldman Sachs Group upgraded shares of E.On from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of E.On from €12.50 ($12.76) to €10.50 ($10.71) and set a “neutral” rating on the stock in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.30.

E.On Trading Down 3.6 %

The business’s 50 day moving average price is $8.84 and its two-hundred day moving average price is $9.82. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 1.02 and a beta of 0.63.

E.On (OTCMKTS:EONGYGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The utilities provider reported $0.30 earnings per share for the quarter. E.On had a net margin of 4.53% and a return on equity of 10.94%. The company had revenue of $24.87 billion for the quarter. On average, equities analysts predict that E.On Se will post 0.97 earnings per share for the current fiscal year.

E.On Company Profile

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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.

Further Reading

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