UBS Group set a €35.00 ($43.21) target price on Innogy (ETR:IGY) in a research report sent to investors on Wednesday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently issued reports on IGY. Citigroup set a €34.70 ($42.84) price target on Innogy and gave the company a neutral rating in a research report on Wednesday, November 1st. Goldman Sachs Group reaffirmed a buy rating on shares of Innogy in a research report on Monday, November 6th. JPMorgan Chase & Co. set a €38.00 ($46.91) price target on Innogy and gave the company a neutral rating in a research report on Wednesday, November 8th. Barclays set a €34.00 ($41.98) price target on Innogy and gave the company a sell rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank set a €40.00 ($49.38) price target on Innogy and gave the company a buy rating in a research report on Wednesday, November 8th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company’s stock. Innogy has a consensus rating of Hold and an average target price of €34.13 ($42.13).
Shares of Innogy (ETR IGY) opened at €32.40 ($40.00) on Wednesday. The stock has a market capitalization of $18,000.00 and a PE ratio of 15.58. Innogy has a 1 year low of €29.11 ($35.94) and a 1 year high of €42.68 ($52.69).
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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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