E.On (OTCMKTS:EONGY) had its target price raised by Royal Bank of Canada from €11.25 ($12.78) to €12.00 ($13.64) in a research report report published on Tuesday morning, The Fly reports.
Several other research analysts have also recently issued reports on the stock. UBS Group cut their target price on shares of E.On from €11.50 ($13.07) to €11.00 ($12.50) in a report on Friday, January 14th. Zacks Investment Research cut shares of E.On from a hold rating to a sell rating in a report on Wednesday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of E.On in a report on Monday, November 29th. Kepler Capital Markets reiterated a buy rating on shares of E.On in a report on Friday, December 3rd. Finally, The Goldman Sachs Group cut shares of E.On from a buy rating to a neutral rating in a report on Sunday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $12.67.
Shares of E.On stock opened at $13.50 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.89 and a current ratio of 0.92. E.On has a 52-week low of $9.91 and a 52-week high of $14.09. The stock has a market capitalization of $35.24 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 1.59 and a beta of 0.50. The company’s 50 day moving average price is $13.16 and its 200-day moving average price is $12.86.
E.On (OTCMKTS:EONGY) last issued its earnings results on Wednesday, November 10th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter. E.On had a net margin of 5.78% and a return on equity of 20.93%. The firm had revenue of $17.74 billion for the quarter. As a group, equities research analysts forecast that E.On will post 1.03 earnings per share for the current fiscal year.
About E.On
E.ON SE engages in the provision of energy solutions. It operates through the following business segments: Energy Networks, Customer Solutions, Renewables, Non-Core Business, and Corporate Functions/Other. The Energy Networks segment deals with power and gas distribution networks and related activities.
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