Innogy SE (IGY) Given a €38.20 Price Target by Bank of America Corporation Analysts
Innogy SE (ETR:IGY) has been given a €38.20 ($45.48) price objective by research analysts at Bank of America Corporation in a report released on Friday. The firm currently has a “buy” rating on the stock.
A number of other brokerages also recently issued reports on IGY. Morgan Stanley set a €32.00 ($38.10) price target on shares of Innogy SE and gave the stock a “sell” rating in a research note on Monday, May 15th. UBS AG set a €36.00 ($42.86) price target on shares of Innogy SE and gave the stock a “neutral” rating in a research note on Friday, July 7th. Deutsche Bank AG set a €37.00 ($44.05) price target on shares of Innogy SE and gave the stock a “buy” rating in a research note on Monday, May 29th. Barclays PLC set a €33.00 ($39.29) price target on shares of Innogy SE and gave the stock a “neutral” rating in a research note on Friday, May 12th. Finally, Berenberg Bank set a €37.00 ($44.05) price target on shares of Innogy SE and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Innogy SE presently has a consensus rating of “Hold” and an average target price of €36.75 ($43.76).
Innogy SE (ETR IGY) traded down 0.040% on Friday, hitting €37.784. 880 shares of the company traded hands. Innogy SE has a 12 month low of €30.13 and a 12 month high of €38.62. The stock’s 50-day moving average is €36.74 and its 200 day moving average is €35.51. The firm has a market capitalization of €21.18 billion and a P/E ratio of 16.350.
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About Innogy SE
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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