E.ON AG (OTCMKTS:EONGY) was Upped at Goldman Sachs from a Neutral Rating to Buy Rating

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Goldman Sachs Analyst Rating Change E.ON AG OTCMKTS:EONGY

E.ON AG (OTCMKTS:EONGY) Change of Rating

E.ON AG (OTCMKTS:EONGY)’s Neutral rating is no longer valid. Research professionals at Goldman Sachs upped EONGY’s rating to Buy.

The company’s rating upgrade is welcomed by stock traders, as OTCMKTS:EONGY is right now trading 0.14% higher at $7.27 as of 04:21 New York time. E.ON AG shares have dropped -25.23% in the last 200 days, while the S&P500 Index has risen 4.02% during the same time.

OTCMKTS:EONGY Price Chart & Trend

The stock price of E.ON AG decreased 25.23% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, E.ON AG is down 30.19% and down 17.61%, respectively. Our stocks momentum model is shown on the price chart below. E.ON AG (OTCMKTS:EONGY) was Upped at Goldman Sachs from a Neutral Rating to Buy Rating

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models


E.ON SE is a provider of energy solutions. The Company’s segments 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.

E.ON AG (OTCMKTS:EONGY) traded up 0.14% on 13 October, hitting $7.27. A total of 18,108 shares of the company’s stock traded hands. This is down from average of 254,099 shares. E.ON AG has a 52 week low of $6.83 and a 52 week high of $10.99. The company has a market cap of $14.20 billion and a P/E ratio of 0.

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