Innogy (IGY) Given a €32.00 Price Target at Berenberg Bank

Innogy (ETR:IGY) has been assigned a €32.00 ($39.51) price objective by stock analysts at Berenberg Bank in a report released on Friday, January 12th. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 6.14% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Goldman Sachs Group set a €42.00 ($51.85) price target on Innogy and gave the company a “buy” rating in a research note on Thursday, September 21st. Kepler Capital Markets set a €35.00 ($43.21) price target on Innogy and gave the company a “neutral” rating in a research note on Tuesday, September 19th. Macquarie set a €42.00 ($51.85) price objective on Innogy and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Oddo Bhf set a €34.00 ($41.98) price objective on Innogy and gave the stock a “neutral” rating in a research note on Thursday, December 21st. Finally, Morgan Stanley set a €32.50 ($40.12) price objective on Innogy and gave the stock a “sell” rating in a research note on Monday, December 4th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. Innogy currently has a consensus rating of “Hold” and an average target price of €34.71 ($42.85).

Innogy (ETR:IGY) opened at €30.15 ($37.22) on Friday. The stock has a market capitalization of $17,080.00 and a PE ratio of 14.50. Innogy has a fifty-two week low of €30.24 ($37.33) and a fifty-two week high of €42.68 ($52.69).

COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/05/innogy-igy-given-a-32-00-price-target-by-berenberg-bank-analysts.html.

About Innogy

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.

Analyst Recommendations for Innogy (ETR:IGY)

Receive News & Ratings for Innogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innogy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply