Independent Research set a €36.00 ($42.86) price objective on innogy (ETR:IGY) in a research report sent to investors on Thursday. The firm currently has a neutral rating on the stock.
Several other research firms have also recently commented on IGY. Deutsche Bank set a €40.00 ($47.62) target price on innogy and gave the stock a buy rating in a research report on Wednesday, November 8th. J P Morgan Chase & Co set a €38.00 ($45.24) target price on innogy and gave the stock a neutral rating in a research report on Wednesday, November 8th. Barclays set a €34.00 ($40.48) target price on innogy and gave the stock a sell rating in a research report on Wednesday, November 8th. Citigroup restated a neutral rating on shares of innogy in a research report on Friday, November 10th. Finally, Commerzbank set a €36.50 ($43.45) target price on innogy and gave the stock a neutral rating in a research report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of €36.52 ($43.48).
innogy (IGY) opened at €32.22 ($38.35) on Thursday. innogy has a 52-week low of €30.55 ($36.37) and a 52-week high of €42.68 ($50.81).
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innogy Company Profile
innogy SE operates as an energy company in Europe. It primarily operates through three segments: Grid & Infrastructure, Renewables, and Retail. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a length of approximately 574,000 kilometers serving approximately 16 million power and 7 million gas customers.
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