Innio N.V. (NASDAQ:INIO – Get Free Report) shares traded down 7.4% on Friday . The company traded as low as $26.15 and last traded at $25.92. Approximately 308,822 shares changed hands during trading, a decline of 94% from the average session volume of 4,841,826 shares. The stock had previously closed at $27.99.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on INIO shares. Morgan Stanley assumed coverage on shares of Innio in a research note on Monday, June 29th. They set an “overweight” rating and a $47.00 price objective for the company. UBS Group started coverage on Innio in a report on Monday, June 29th. They set a “buy” rating and a $47.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Innio in a research report on Monday, June 29th. They issued an “overweight” rating and a $44.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a report on Monday, June 29th. They issued a “hold” rating and a $41.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on Innio in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Innio presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.60.
View Our Latest Stock Analysis on INIO
Innio Trading Down 3.8%
About Innio
INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.
The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.
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