Innogy SE (IGY) Given a €38.00 Price Target at J P Morgan Chase & Co
Innogy SE (ETR:IGY) has been assigned a €38.00 ($45.24) price objective by research analysts at J P Morgan Chase & Co in a report released on Thursday. The firm currently has a “neutral” rating on the stock.
Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a €41.50 ($49.40) price target on Innogy SE and gave the company a “buy” rating in a report on Thursday, July 20th. UBS AG set a €36.00 ($42.86) price target on Innogy SE and gave the company a “neutral” rating in a report on Friday, July 7th. Deutsche Bank AG set a €40.00 ($47.62) price target on Innogy SE and gave the company a “buy” rating in a report on Friday, July 7th. Berenberg Bank set a €37.00 ($44.05) price target on Innogy SE and gave the company a “buy” rating in a report on Thursday, June 22nd. Finally, Morgan Stanley set a €32.00 ($38.10) price target on Innogy SE and gave the company a “sell” rating in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €36.81 ($43.82).
Shares of Innogy SE (IGY) traded up 0.08% during midday trading on Thursday, reaching €37.43. 790 shares of the company’s stock were exchanged. The firm has a 50-day moving average of €36.96 and a 200-day moving average of €35.62. Innogy SE has a 1-year low of €30.12 and a 1-year high of €38.62. The company has a market capitalization of €20.98 billion and a PE ratio of 16.20.
Innogy SE Company Profile
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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