Innogy (ETR:IGY) has been assigned a €35.20 ($43.46) target price by equities research analysts at Goldman Sachs Group in a research note issued on Thursday, January 11th. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 19.89% from the company’s previous close.
Several other equities analysts have also weighed in on the company. Deutsche Bank set a €36.00 ($44.44) price objective on Innogy and gave the company a “buy” rating in a report on Friday, December 15th. Barclays set a €34.00 ($41.98) price target on Innogy and gave the stock a “sell” rating in a report on Wednesday, November 8th. Bank of America set a €41.80 ($51.60) price target on Innogy and gave the stock a “buy” rating in a report on Wednesday, November 29th. Commerzbank set a €31.80 ($39.26) price target on Innogy and gave the stock a “neutral” rating in a report on Thursday, December 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Innogy in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of €34.71 ($42.85).
Innogy (ETR IGY) traded down €0.95 ($1.17) during trading on Thursday, hitting €29.36 ($36.25). The stock had a trading volume of 992,021 shares, compared to its average volume of 696,904. Innogy has a 12 month low of €28.86 ($35.63) and a 12 month high of €42.68 ($52.69). The firm has a market cap of $16,310.00 and a PE ratio of 14.12.
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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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