Innogy (ETR:IGY) Given a €39.50 Price Target by Independent Research Analysts

Innogy (ETR:IGY) has been given a €39.50 ($45.93) target price by equities researchers at Independent Research in a note issued to investors on Thursday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Independent Research’s price target would indicate a potential downside of 10.67% from the stock’s current price.

A number of other research analysts also recently weighed in on IGY. DZ Bank reissued a “sell” rating on shares of Innogy in a research note on Thursday, September 5th. Royal Bank of Canada set a €40.00 ($46.51) price target on Innogy and gave the company a “neutral” rating in a research note on Friday, August 9th. Sanford C. Bernstein set a €38.40 ($44.65) price target on Innogy and gave the company a “neutral” rating in a research note on Friday, August 16th. Barclays set a €37.00 ($43.02) price target on Innogy and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. set a €42.00 ($48.84) price objective on shares of Innogy and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of €37.69 ($43.83).

IGY stock opened at €44.22 ($51.42) on Thursday. The business’s fifty day moving average is €44.61 and its 200-day moving average is €43.25. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 215.26. The company has a market cap of $24.57 billion and a P/E ratio of -29.52. Innogy has a twelve month low of €39.51 ($45.94) and a twelve month high of €45.98 ($53.47).

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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