Innogy (IGY) Given a €40.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a €40.00 ($46.51) target price on Innogy (ETR:IGY) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on IGY. DZ Bank reissued a neutral rating on shares of Innogy in a research report on Tuesday, April 16th. Credit Suisse Group set a €39.00 ($45.35) target price on Innogy and gave the company a sell rating in a research report on Monday, February 4th. Sanford C. Bernstein set a €38.40 ($44.65) price objective on Innogy and gave the company a neutral rating in a research note on Tuesday, March 26th. Barclays set a €37.00 ($43.02) price objective on Innogy and gave the company a sell rating in a research note on Monday, April 1st. Finally, HSBC set a €38.40 ($44.65) price objective on Innogy and gave the company a neutral rating in a research note on Friday, April 12th. Six investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €36.83 ($42.83).

Shares of ETR IGY opened at €40.30 ($46.86) on Tuesday. The stock has a market capitalization of $22.36 billion and a P/E ratio of -34.30. 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 has a 52-week low of €35.70 ($41.51) and a 52-week high of €41.80 ($48.60).

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.

See Also: 52-Week High/Low

Analyst Recommendations for Innogy (ETR:IGY)

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