Independent Research set a €38.40 ($45.71) target price on Innogy (ETR:IGY) in a report published on Tuesday morning. The firm currently has a neutral rating on the stock.
Other equities analysts also recently issued reports about the company. Macquarie set a €40.00 ($47.62) price target on Innogy and gave the company a buy rating in a report on Monday, March 12th. Royal Bank of Canada set a €34.00 ($40.48) price target on Innogy and gave the company a neutral rating in a report on Thursday, January 18th. UBS set a €35.00 ($41.67) price target on Innogy and gave the company a neutral rating in a report on Monday, January 22nd. Deutsche Bank set a €36.00 ($42.86) price target on Innogy and gave the company a neutral rating in a report on Wednesday, January 31st. Finally, Goldman Sachs set a €35.20 ($41.90) price target on Innogy and gave the company a neutral rating in a report on Tuesday, February 20th. Four research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company. Innogy presently has a consensus rating of Hold and an average price target of €35.90 ($42.74).
Shares of Innogy opened at €36.20 ($43.10) on Tuesday, Marketbeat.com reports. Innogy has a 1-year low of €29.11 ($34.65) and a 1-year high of €42.68 ($50.81).
innogy SE operates as an energy company in Europe. It operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division engages in the generation of electricity through onshore and offshore wind power, as well as hydroelectric power generation activities primarily in Germany, the United Kingdom, Spain, the Netherlands, Poland, and Italy.
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