Kepler Capital Markets Analysts Give Innogy (IGY) a €29.00 Price Target

Innogy (ETR:IGY) has been assigned a €29.00 ($33.72) price target by research analysts at Kepler Capital Markets in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Kepler Capital Markets’ price objective would indicate a potential downside of 27.79% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank set a €37.00 ($43.02) price objective on shares of Innogy and gave the stock a “neutral” rating in a research report on Monday, January 21st. UBS Group set a €38.60 ($44.88) price objective on shares of Innogy and gave the stock a “neutral” rating in a research report on Thursday, January 17th. Jefferies Financial Group set a €36.80 ($42.79) price objective on shares of Innogy and gave the stock a “neutral” rating in a research report on Wednesday, February 6th. DZ Bank reissued a “neutral” rating on shares of Innogy in a research report on Wednesday, March 13th. Finally, Sanford C. Bernstein set a €38.40 ($44.65) price objective on shares of Innogy and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Six analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of €36.61 ($42.57).

Innogy stock opened at €40.16 ($46.70) on Tuesday. Innogy has a 52-week low of €35.70 ($41.51) and a 52-week high of €41.80 ($48.60). The firm has a market capitalization of $22.30 billion and a PE ratio of -34.18. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 188.67.

Innogy Company Profile

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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Analyst Recommendations for Innogy (ETR:IGY)

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