Goldman Sachs Group set a €37.00 ($44.05) price objective on Innogy (ETR:IGY) in a research report released on Wednesday, December 20th. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also issued reports on the stock. Deutsche Bank set a €36.00 ($42.86) target price on shares of Innogy and gave the stock a buy rating in a report on Friday, December 15th. Barclays set a €34.00 ($40.48) target price on shares of Innogy and gave the stock a sell rating in a report on Wednesday, November 8th. Bank of America set a €41.80 ($49.76) target price on shares of Innogy and gave the stock a buy rating in a report on Wednesday, November 29th. Berenberg Bank set a €38.50 ($45.83) price target on shares of Innogy and gave the stock a neutral rating in a research note on Monday, September 4th. Finally, Citigroup reaffirmed a neutral rating on shares of Innogy in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of €35.56 ($42.33).
Innogy (ETR:IGY) traded up €0.45 ($0.54) during mid-day trading on Wednesday, 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 fifty-two week low of €30.82 ($36.69) and a fifty-two 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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