HSBC Analysts Give Innogy (IGY) a €38.40 Price Target

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HSBC set a €38.40 ($44.65) price target on Innogy (ETR:IGY) in a research report released on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

IGY has been the subject of a number of other research reports. Sanford C. Bernstein set a €38.40 ($44.65) price objective on Innogy and gave the stock a neutral rating in a research report on Tuesday, March 26th. UBS Group set a €38.60 ($44.88) price objective on Innogy and gave the stock a neutral rating in a research report on Thursday, January 17th. Barclays set a €37.00 ($43.02) price objective on Innogy and gave the stock a sell rating in a research report on Monday, January 28th. DZ Bank reiterated a neutral rating on shares of Innogy in a research report on Monday, December 17th. Finally, Independent Research set a €36.00 ($41.86) price objective on Innogy and gave the stock a sell rating in a research report on Tuesday, December 18th. Six research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has a consensus rating of Hold and an average price target of €36.47 ($42.41).

Shares of IGY stock opened at €41.60 ($48.37) on Friday. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 188.67. Innogy has a 12 month low of €35.70 ($41.51) and a 12 month high of €41.80 ($48.60). The company has a market capitalization of $23.10 billion and a price-to-earnings ratio of -35.40.

About Innogy

innogy SE operates as an energy company in Europe. It operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division engages in the generation of electricity through onshore and offshore wind power, as well as hydroelectric power generation activities primarily in Germany, the United Kingdom, Spain, the Netherlands, Poland, and Italy.

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Analyst Recommendations for Innogy (ETR:IGY)

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