Innogy (ETR:IGY) has been given a €35.00 ($43.21) price objective by research analysts at Kepler Capital Markets in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Kepler Capital Markets’ price target indicates a potential downside of 9.86% from the company’s previous close.
IGY has been the subject of a number of other reports. JPMorgan Chase & Co. set a €33.00 ($40.74) price objective on shares of Innogy and gave the company a “neutral” rating in a report on Thursday, December 21st. Goldman Sachs Group set a €42.40 ($52.35) price objective on shares of Innogy and gave the company a “neutral” rating in a report on Tuesday, November 14th. Warburg Research reaffirmed a “neutral” rating on shares of Innogy in a report on Wednesday, December 20th. Morgan Stanley set a €32.50 ($40.12) price objective on shares of Innogy and gave the company a “sell” rating in a report on Tuesday, November 14th. Finally, UBS Group set a €35.00 ($43.21) price objective on shares of Innogy and gave the company a “neutral” rating in a report on Tuesday, January 9th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of €34.08 ($42.08).
Shares of Innogy (IGY) opened at €38.83 ($47.94) on Wednesday. Innogy has a fifty-two week low of €29.11 ($35.94) and a fifty-two week high of €42.68 ($52.69). The stock has a market cap of $21,570.00 and a P/E ratio of 27.74.
innogy SE operates as an energy company in Europe. It primarily operates through three segments: Grid & Infrastructure, Renewables, and Retail. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a length of approximately 574,000 kilometers serving approximately 16 million power and 7 million gas customers.
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