Warburg Research Analysts Give innogy (IGY) a €42.00 Price Target
innogy (ETR:IGY) has been assigned a €42.00 ($50.00) target price by investment analysts at Warburg Research in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Warburg Research’s price objective would suggest a potential upside of 25.00% from the company’s current price.
IGY has been the topic of several other research reports. Goldman Sachs Group set a €42.00 ($50.00) price objective on innogy and gave the company a “buy” rating in a research note on Thursday, September 21st. Kepler Capital Markets set a €35.00 ($41.67) target price on innogy and gave the stock a “neutral” rating in a research report on Monday, September 4th. Macquarie set a €42.00 ($50.00) target price on innogy and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Morgan Stanley set a €32.50 ($38.69) target price on innogy and gave the stock a “sell” rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada set a €37.50 ($44.64) target price on innogy and gave the stock a “sell” rating in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of €37.01 ($44.06).
innogy (IGY) opened at €33.60 ($40.00) on Thursday. innogy has a 12 month low of €30.55 ($36.37) and a 12 month high of €42.68 ($50.81).
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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