Innogy (ETR:IGY) Given a €38.40 Price Target by Sanford C. Bernstein Analysts

Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy (ETR:IGY) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

IGY has been the topic of a number of other reports. Berenberg Bank set a €39.00 ($45.35) target price on shares of Innogy and gave the stock a neutral rating in a research report on Thursday, May 16th. Independent Research set a €36.00 ($41.86) target price on shares of Innogy and gave the stock a sell rating in a research report on Wednesday, August 14th. DZ Bank reaffirmed a neutral rating on shares of Innogy in a research report on Friday, August 9th. JPMorgan Chase & Co. set a €42.00 ($48.84) target price on shares of Innogy and gave the stock a neutral rating in a research report on Thursday. Finally, Jefferies Financial Group set a €36.80 ($42.79) target price on shares of Innogy and gave the stock a neutral rating in a research report on Friday, August 9th. Five equities 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 an average rating of Hold and an average target price of €37.05 ($43.08).

ETR:IGY opened at €43.56 ($50.65) on Friday. The firm’s 50-day moving average price is €43.01 and its 200-day moving average price is €41.45. The company has a market capitalization of $24.20 billion and a PE ratio of -29.08. The company has a debt-to-equity ratio of 215.26, a current ratio of 0.89 and a quick ratio of 0.85. Innogy has a 1-year low of €37.09 ($43.13) and a 1-year high of €43.88 ($51.02).

Innogy Company Profile

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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Analyst Recommendations for Innogy (ETR:IGY)

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