Sanford C. Bernstein set a €38.40 ($44.65) 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.
Several other equities analysts have also recently issued reports on the company. 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. Kepler Capital Markets set a €29.00 ($33.72) target price on Innogy and gave the company a sell rating in a research note on Tuesday. 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. JPMorgan Chase & Co. set a €36.76 ($42.74) target price on Innogy and gave the company a sell rating in a research note on Tuesday. Finally, DZ Bank reissued a neutral rating on shares of Innogy in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €36.66 ($42.63).
IGY opened at €40.37 ($46.94) on Tuesday. The company has a debt-to-equity ratio of 188.67, a quick ratio of 0.62 and a current ratio of 0.84. Innogy has a 52-week low of €35.70 ($41.51) and a 52-week high of €41.80 ($48.60). The company has a market cap of $22.42 billion and a PE ratio of -34.36.
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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