Innogy SE (IGY) Given a €36.70 Price Target by Societe Generale Analysts
Innogy SE (ETR:IGY) received a €36.70 ($43.69) target price from research analysts at Societe Generale in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock.
IGY has been the topic of several other research reports. UBS AG set a €36.00 ($42.86) target price on shares of Innogy SE and gave the stock a “neutral” rating in a report on Friday, July 7th. Deutsche Bank AG set a €37.00 ($44.05) target price on shares of Innogy SE and gave the stock a “buy” rating in a report on Monday, May 29th. Morgan Stanley set a €32.00 ($38.10) target price on shares of Innogy SE and gave the stock a “sell” rating in a report on Monday, June 19th. Berenberg Bank set a €37.00 ($44.05) target price on shares of Innogy SE and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, Sanford C. Bernstein set a €37.50 ($44.64) target price on shares of Innogy SE and gave the stock a “neutral” rating in a report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €36.79 ($43.80).
Innogy SE (ETR IGY) traded down 2.453% during trading on Friday, hitting €36.512. 5,226 shares of the company’s stock traded hands. Innogy SE has a 12 month low of €30.13 and a 12 month high of €38.62. The company’s 50 day moving average is €36.99 and its 200-day moving average is €35.63. The stock has a market cap of €20.47 billion and a P/E ratio of 15.799.
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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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