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 research note issued to investors 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. “
Several other equities analysts have also recently issued reports on EONGY. Barclays PLC upgraded E.ON SE from an “equal weight” rating to an “overweight” rating in a report on Thursday, June 23rd. Goldman Sachs Group Inc. cut E.ON SE from a “buy” rating to a “neutral” rating in a report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of E.ON SE in a 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 assigned a buy rating to the company. E.ON SE has a consensus rating of “Hold” and an average target price of $11.00.
E.ON SE (OTCMKTS:EONGY) opened at 8.21 on Monday. The firm’s 50-day moving average price is $9.40 and its 200 day moving average price is $9.73. The stock’s market cap is $16.03 billion. 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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