Innio N.V. (NASDAQ:INIO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Innio N.V. (NASDAQ:INIO) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.60.

Several research analysts have commented on the stock. Zacks Research raised shares of Innio to a “hold” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada began coverage on shares of Innio in a research note on Monday, June 29th. They issued a “sector perform” rating and a $39.00 target price on the stock. BNP Paribas Exane started coverage on shares of Innio in a report on Monday, June 29th. They issued an “outperform” rating and a $48.00 target price for the company. Citigroup initiated coverage on shares of Innio in a research note on Monday, June 29th. They set a “neutral” rating and a $42.00 price target for the company. Finally, Wall Street Zen upgraded shares of Innio to a “hold” rating in a report on Saturday, June 13th.

Innio Trading Up 2.0%

NASDAQ INIO opened at $27.99 on Friday. Innio has a fifty-two week low of $24.58 and a fifty-two week high of $42.95.

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.