JPMorgan Chase & Co. Reiterates €42.00 Price Target for Innogy (ETR:IGY)

JPMorgan Chase & Co. set a €42.00 ($48.84) price target on Innogy (ETR:IGY) in a research report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

IGY has been the topic of several other reports. Jefferies Financial Group set a €36.80 ($42.79) target price on Innogy and gave the company a neutral rating in a research note on Tuesday, May 14th. Independent Research set a €35.00 ($40.70) target price on Innogy and gave the company a sell rating in a research note on Thursday, May 16th. Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy and gave the company a neutral rating in a research note on Tuesday, May 14th. HSBC set a €38.40 ($44.65) target price on Innogy and gave the company a neutral rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada set a €40.00 ($46.51) target price on Innogy and gave the company a neutral rating in a research note on Tuesday, May 14th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock has an average rating of Hold and an average target price of €36.98 ($43.00).

ETR:IGY opened at €43.55 ($50.64) on Wednesday. The firm has a 50-day moving average of €42.51. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 194.38. Innogy has a 12 month low of €37.08 ($43.12) and a 12 month high of €43.88 ($51.02). The stock has a market capitalization of $24.19 billion and a price-to-earnings ratio of -38.27.

About Innogy

innogy SE operates as an energy company in Europe. The company operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division generates electricity through onshore and offshore wind power, as well as hydroelectric power primarily in Germany, the United Kingdom, the Netherlands, Poland, Spain, and Italy.

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Analyst Recommendations for Innogy (ETR:IGY)

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