Rating Reporting: Is E.ON AG (OTCMKTS:EONGY) a Stock to Buy After Societe Generale Upgrade?

November 29, 2016 - By Adrian Mccoy

Rating Reporting:  Is E.ON AG (OTCMKTS:EONGY) a Stock to Buy After Societe Generale Upgrade?

E.ON AG (OTCMKTS:EONGY) Upgrade

Societe Generale has raised E.ON AG (OTCMKTS:EONGY) stock to “Buy” in an analyst note issued to clients on Tuesday, 29 November. EONGY’s old rating was “Hold”.

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 58.61% above today’s ($6.62) stock price. E.ON AG has been the topic of 10 analyst reports since July 6, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, September 7 by Goldman Sachs. The firm earned “Buy” rating on Thursday, December 3 by Jefferies. The rating was upgraded by Investec to “Buy” on Friday, September 18. HSBC upgraded the stock to “Hold” rating in Monday, November 28 report. On Wednesday, November 16 the stock rating was downgraded by Citigroup to “Sell”. The stock of E.ON SE (ADR) (OTCMKTS:EONGY) has “Sector Perform” rating given on Friday, September 11 by RBC Capital Markets. The rating was upgraded by Societe Generale on Monday, July 6 to “Buy”. Societe Generale downgraded E.ON SE (ADR) (OTCMKTS:EONGY) on Tuesday, November 17 to “Hold” rating. Goldman Sachs upgraded E.ON SE (ADR) (OTCMKTS:EONGY) on Thursday, October 13 to “Buy” rating. As per Tuesday, August 18, the company rating was maintained by RBC Capital Markets.

About 36,722 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 $13.14 billion. The Company’s divisions include global units and regional units. It has a 2.23 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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