Jefferies & Co Begins Coverage on E.On AG (PK:EONGY). What’s Next?


How Jefferies & Co Currently Rates E.On AG (PK:EONGY)

Jefferies & Co have initiated coverage on E.On AG (PK:EONGY) shares recently in a comprehensive report made public on Thursday, 3 December. The investment house has decided to place a Buy rating on EONGY stock.

From a total of 1 analysts covering E.On AG (PK:EONGY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. E.On AG was the topic of 3 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. Societe Generale downgraded shares on November 17 to “Hold” rating. RBC Capital Markets downgraded EONGY stock in a recent report from September 11 to “Sector Perform” rating.

Approximately 6,618 shares of stock traded hands. E.ON SE (ADR) (PK:EONGY) has declined 39.16% since April 30, 2015 and is downtrending. It has underperformed by 38.87% the S&P500.

Jefferies & Co Begins Coverage on E.On AG (PK:EONGY). What’s Next?

E.ON SE is a Germany-based provider of energy solutions. The company has a market cap of $19.60 billion. The Company’s business is segmented into global and regional units. It currently has negative earnings. The Company’s global units include Generation, which consists of conventional generation assets in Europe; Renewables, which helps to drive renewables growth in across Europe and the world; Global Commodities, which buys and sells electricity, natural gas, liquefied natural gas (LNG), oil, coal, freight, and carbon allowances, and Exploration & Production, which is active in the United Kingdom, Norwegian North Sea 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.” Get a free copy of the Zacks research report on E.ON SE (ADR) (EONGY).