E.ON SE (EONGY) Rating Lowered to Sell at Zacks Investment Research
E.ON SE (OTCMKTS:EONGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.
According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “
Other equities research analysts have also recently issued reports about the stock. Barclays PLC upgraded shares of E.ON SE from an “equal weight” rating to an “overweight” rating in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. cut shares of E.ON SE from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of E.ON SE in a research report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $11.00.
Shares of E.ON SE (OTCMKTS:EONGY) opened at 8.21 on Monday. The firm’s market capitalization is $16.03 billion. The firm’s 50 day moving average is $9.40 and its 200 day moving average is $9.73. E.ON SE has a 1-year low of $7.90 and a 1-year high of $11.00.
About E.ON SE
E.ON SE is a provider of energy solutions. The Company’s segments include global units and regional units. The Company’s global units include Generation, which consists of the Company’s conventional (fossil and nuclear) generation assets in Europe; Renewables, which includes its carbon-sourcing and renewables businesses; Global Commodities, which buys and sells electricity, natural gas, liquefied natural gas (LNG), oil, coal, freight, biomass and carbon allowances, and Exploration & Production, which includes the Company’s exploration and production business in the focus regions, North Sea (the United Kingdom and Norway) and Russia.
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