Stock Rating: HSBC Securities: Time To Have Faith In E.ON AG (OTCMKTS:EONGY)

November 28, 2016 - By Peter Kolinski

Stock Rating:  HSBC Securities: Time To Have Faith In E.ON AG (OTCMKTS:EONGY)

E.ON AG (OTCMKTS:EONGY) Upgrade

In a an analyst note revealed to investors on Monday morning, HSBC Securities stated it was upgrading E.ON AG (OTCMKTS:EONGY) stock from a “Reduce” to a “Hold”.

E.ON SE (ADR) (OTCMKTS:EONGY) Ratings Coverage

Out of 6 analysts covering E.ON AG (OTCMKTS:EONGY), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. $14.50 is the highest target while $10.50 is the lowest. The $10.50 average target is 60.06% above today’s ($6.56) stock price. E.ON AG has been the topic of 9 analyst reports since July 6, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Thursday, December 3. The firm has “Sector Perform” rating given on Friday, September 11 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, November 17 by Societe Generale. Citigroup downgraded the stock to “Sell” rating in Wednesday, November 16 report. The stock of E.ON SE (ADR) (OTCMKTS:EONGY) earned “Neutral” rating by Goldman Sachs on Wednesday, September 7. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, August 18. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, October 13. The stock has “Buy” rating given by Societe Generale on Monday, July 6. As per Friday, September 18, the company rating was upgraded by Investec.

It is down 35.94% since April 25, 2016 and is downtrending. It has underperformed by 41.95% the S&P500.

Analysts await E.ON SE (ADR) (OTCMKTS:EONGY) to report earnings on March, 8.

E.ON SE is a provider of energy solutions. The company has a market cap of $13.21 billion. The Company’s divisions include global units and regional units. It has a 2.22 P/E ratio. The Company’s global units include Generation, which consists of the Company’s conventional 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.

According to Zacks Investment Research, “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.”

EONGY Company Profile

E.ON SE, incorporated on November 15, 2012, is a well-known provider of energy solutions. The Company’s divisions 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. The Company’s regional units include the United Kingdom; Germany; Sweden; Czechia; Hungary; Other regional units, including France, Benelux, Slovakia, Romania and Italy; Other EU Countries; Russia; Other Non-EU countries; Non-EU countries.

More recent E.ON SE (ADR) (OTCMKTS:EONGY) news were published by: Businessfinancenews.com which released: “E.ON SE, Statoil to Develop Arkona Wind Farm” on April 26, 2016. Also Seekingalpha.com published the news titled: “E.ON Should Continue To Outperform (EONGY)” on March 11, 2015. Seekingalpha.com‘s news article titled: “Estimating E.ON’s Intrinsic Value” with publication date: October 07, 2014 was also an interesting one.

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