E.On (OTCMKTS:EONGY) Stock Price Up 0.3% - Here's What Happened

Key Points

• E.On's stock price increased by 0.3% on Monday, closing at $18.78 after trading as high as $19.07, with a total of approximately 101,854 shares traded during the day.
• Berenberg Bank upgraded E.On to a "strong-buy" rating, contributing to the stock's overall "Moderate Buy" consensus rating from analysts.
• The company has a market capitalization of $49.05 billion and a PE ratio of 14.67, indicating a stable financial position and performance.

Shares of E.On Se (OTCMKTS:EONGY - Get Free Report) rose 0.3% during trading on Monday . The stock traded as high as $19.07 and last traded at $18.78. Approximately 101,854 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 122,282 shares. The stock had previously closed at $18.72.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised E.On to a "strong-buy" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

E.On Price Performance

The business has a fifty day moving average of $18.45 and a 200-day moving average of $17.88. The firm has a market cap of $49.05 billion, a PE ratio of 14.67, a PEG ratio of 5.55 and a beta of 0.78. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 1.46.

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.