Royal Bank of Canada Reiterates “€40.00” Price Target for Innogy (ETR:IGY)

Royal Bank of Canada set a €40.00 ($46.51) price objective on Innogy (ETR:IGY) in a research note published on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on IGY. Barclays set a €37.00 ($43.02) price objective on shares of Innogy and gave the stock a sell rating in a research report on Wednesday, June 19th. JPMorgan Chase & Co. set a €42.00 ($48.84) price target on shares of Innogy and gave the company a neutral rating in a research report on Wednesday, July 31st. Berenberg Bank set a €39.00 ($45.35) price target on shares of Innogy and gave the company a neutral rating in a research report on Thursday, May 16th. Independent Research set a €35.00 ($40.70) price target on shares of Innogy and gave the company a sell rating in a research report on Thursday, May 16th. Finally, HSBC set a €38.40 ($44.65) price target on shares of Innogy and gave the company a neutral rating in a research report on Friday, April 12th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and an average price target of €36.98 ($43.00).

IGY stock opened at €43.27 ($50.31) on Friday. The stock’s 50 day moving average is €42.87. The firm has a market cap of $24.04 billion and a PE ratio of -38.02. Innogy has a 1 year low of €37.08 ($43.12) and a 1 year high of €43.88 ($51.02). The company has a debt-to-equity ratio of 194.38, a quick ratio of 0.94 and a current ratio of 0.98.

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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