Berenberg Bank set a €39.00 ($45.35) target price on Innogy (ETR:IGY) in a report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
IGY has been the subject of a number of other research reports. Royal Bank of Canada set a €40.00 ($46.51) price objective on Innogy and gave the company a neutral rating in a research note on Tuesday, May 14th. 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. UBS Group set a €38.60 ($44.88) price objective on Innogy and gave the company a neutral rating in a research note on Thursday, January 17th. 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. Finally, Barclays set a €37.00 ($43.02) price objective on Innogy and gave the company a sell rating in a research note on Monday, January 28th. Six investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock has an average rating of Hold and an average target price of €36.66 ($42.63).
Shares of Innogy stock opened at €40.37 ($46.94) on Thursday. 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). The company has a market capitalization of $22.42 billion and a price-to-earnings 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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