Analysts Set Innogy SE (ETR:IGY) Target Price at €38.17

Innogy SE (ETR:IGY) has earned an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is €38.17 ($44.38).

Several research analysts have issued reports on the stock. UBS Group set a €44.00 ($51.16) target price on shares of Innogy and gave the stock a “neutral” rating in a report on Thursday, November 28th. Independent Research set a €39.50 ($45.93) price target on shares of Innogy and gave the company a “sell” rating in a report on Thursday, November 28th. Jefferies Financial Group set a €36.80 ($42.79) price target on shares of Innogy and gave the company a “neutral” rating in a report on Thursday, November 28th. DZ Bank reaffirmed a “sell” rating on shares of Innogy in a research report on Thursday, November 28th. Finally, Credit Suisse Group set a €42.90 ($49.88) price objective on shares of Innogy and gave the company a “sell” rating in a research note on Thursday, November 7th.

ETR:IGY traded down €1.00 ($1.16) during midday trading on Friday, hitting €43.75 ($50.87). The stock had a trading volume of 253,269 shares, compared to its average volume of 1,720,000. The stock has a 50-day moving average of €44.41 and a 200 day moving average of €44.12. The company has a market capitalization of $24.31 billion and a price-to-earnings ratio of -37.23. Innogy has a one year low of €39.72 ($46.19) and a one year high of €45.98 ($53.47). The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 215.26.

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for Innogy (ETR:IGY)

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