Berenberg Bank set a €32.00 ($38.10) price objective on Innogy (ETR:IGY) in a report released on Friday morning. The brokerage currently has a neutral rating on the stock.
IGY has been the topic of several other research reports. Kepler Capital Markets set a €35.00 ($41.67) price objective on shares of Innogy and gave the stock a neutral rating in a research report on Friday, December 15th. Goldman Sachs Group set a €42.00 ($50.00) price target on shares of Innogy and gave the company a buy rating in a research report on Thursday, September 21st. Barclays set a €34.00 ($40.48) price target on shares of Innogy and gave the company a sell rating in a research report on Wednesday, November 8th. Warburg Research reissued a neutral rating on shares of Innogy in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. set a €38.00 ($45.24) price target on shares of Innogy and gave the company a neutral rating in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Innogy currently has a consensus rating of Hold and an average price target of €35.56 ($42.33).
Shares of Innogy (ETR IGY) traded up €0.45 ($0.54) during mid-day trading on Friday, reaching €33.29 ($39.63). 770,039 shares of the company’s stock traded hands, compared to its average volume of 868,043. The company has a market capitalization of $18,490.00 and a price-to-earnings ratio of 16.00. Innogy has a twelve month low of €30.82 ($36.69) and a twelve month high of €42.68 ($50.81).
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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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