Noteworthy Rating Filing: Is E.ON AG (OTCMKTS:EONGY) Worth Your Time After Societe Generale’s Upgrade?

November 29, 2016 - By Peter Erickson

Noteworthy Rating Filing:  Is E.ON AG (OTCMKTS:EONGY) Worth Your Time After Societe Generale's Upgrade?

E.ON AG (OTCMKTS:EONGY) Upgrade

In a a note shared with investors and clients on Tuesday morning, Societe Generale increased shares of E.ON AG (OTCMKTS:EONGY) to a “Buy” rating from “Hold” rating.

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

Out of 7 analysts covering E.ON AG (OTCMKTS:EONGY), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. $14.50 is the highest target while $10.50 is the lowest. The $10.50 average target is 58.13% above today’s ($6.64) stock price. E.ON AG has been the topic of 10 analyst reports since July 6, 2015 according to StockzIntelligence Inc. On Tuesday, August 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was downgraded on Wednesday, September 7 by Goldman Sachs. The rating was initiated by Jefferies with “Buy” on Thursday, December 3. On Friday, September 18 the stock rating was upgraded by Investec to “Buy”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 11. The firm earned “Buy” rating on Thursday, October 13 by Goldman Sachs. The firm earned “Hold” rating on Monday, November 28 by HSBC. On Monday, July 6 the stock rating was upgraded by Societe Generale to “Buy”. The stock of E.ON SE (ADR) (OTCMKTS:EONGY) has “Sell” rating given on Wednesday, November 16 by Citigroup. The stock has “Hold” rating given by Societe Generale on Tuesday, November 17.

About 130,014 shares traded hands. E.ON SE (ADR) (OTCMKTS:EONGY) has declined 36.31% since April 26, 2016 and is downtrending. It has underperformed by 41.57% 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 $13.18 billion. The Company’s divisions include global units and regional units. It has a 2.24 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 important 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 article titled: “E.ON Should Continue To Outperform (EONGY)”, Seekingalpha.com published: “Estimating E.ON’s Intrinsic Value” on October 07, 2014. More interesting news about E.ON SE (ADR) (OTCMKTS:EONGY) was released by: Marketwatch.com and their article: “Premier Oil amends E.ON deal terms; to trade again” with publication date: February 01, 2016.

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