Innogy SE (IGY) Given Consensus Recommendation of “Hold” by Brokerages
Innogy SE (ETR:IGY) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is €36.58 ($43.03).
A number of equities research analysts recently commented on the company. Morgan Stanley set a €32.50 ($38.24) price target on Innogy SE and gave the stock a “sell” rating in a research report on Thursday. Kepler Capital Markets set a €35.00 ($41.18) price target on Innogy SE and gave the company a “neutral” rating in a research note on Thursday. Warburg Research set a €42.00 ($49.41) price target on Innogy SE and gave the company a “buy” rating in a research note on Wednesday. Independent Research GmbH set a €37.00 ($43.53) price target on Innogy SE and gave the company a “neutral” rating in a research note on Monday. Finally, Commerzbank Ag set a €36.50 ($42.94) price target on Innogy SE and gave the company a “neutral” rating in a research note on Monday.
Shares of Innogy SE (ETR:IGY) traded down 1.03% during mid-day trading on Friday, hitting €37.56. The company had a trading volume of 5,052 shares. Innogy SE has a 12-month low of €30.12 and a 12-month high of €38.62. The firm has a market cap of €21.06 billion and a PE ratio of 16.25. The firm’s 50 day moving average is €35.91 and its 200-day moving average is €35.06.
About Innogy SE
innogy SE operates as an energy company in Europe. It operates through three segments: Grid & Infrastructure, Retail, and Renewables. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a total length of approximately 570,000 km serving approximately 16.5 million grid customers.
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