Societe Generale Analysts Give Innogy SE (IGY) a €39.50 Price Target
Innogy SE (ETR:IGY) received a €39.50 ($43.89) price target from analysts at Societe Generale in a research report issued to clients and investors on Friday. The brokerage presently has a a “neutral” rating on the stock.
Several other research analysts have also commented on the company. Kepler Capital Markets set a €34.00 ($37.78) price target on Innogy SE and gave the stock a “sell” rating in a research report on Monday. HSBC set a €39.00 ($43.33) price target on Innogy SE and gave the stock a “neutral” rating in a research report on Monday. Commerzbank AG set a €34.50 ($38.33) price target on Innogy SE and gave the stock a “neutral” rating in a research report on Monday. Finally, Macquarie set a €41.00 ($45.56) target price on Innogy SE and gave the company a “buy” rating in a research note on Friday, October 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of €37.60 ($41.78).
Innogy SE (ETR:IGY) opened at 37.543 on Friday. Innogy SE has a 1-year low of €36.75 and a 1-year high of €37.91. The firm has a market capitalization of €18.77 billion and a P/E ratio of 12.778. The company has a 50-day moving average price of €37.10 and a 200 day moving average price of €37.10.
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Innogy SE Company Profile
Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company’s operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources.
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