Innogy (ETR:IGY) has been assigned a €37.00 ($44.05) target price by equities research analysts at Goldman Sachs Group in a research note issued on Tuesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 13.67% from the company’s current price.
IGY has been the subject of several other research reports. Independent Research set a €36.00 ($42.86) target price on Innogy and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. Oddo Bhf set a €34.00 ($40.48) target price on Innogy and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Commerzbank set a €31.80 ($37.86) target price on Innogy and gave the stock a “neutral” rating in a research report on Friday, December 15th. Deutsche Bank set a €40.00 ($47.62) target price on Innogy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Warburg Research reaffirmed a “neutral” rating on shares of Innogy in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company’s stock. Innogy currently has an average rating of “Hold” and a consensus target price of €36.05 ($42.92).
Shares of Innogy (ETR IGY) remained flat at $€32.55 ($38.75) on Tuesday. The stock has a market capitalization of $18,080.00 and a P/E ratio of 15.65. Innogy has a one year low of €30.82 ($36.69) and a one year high of €42.68 ($50.81).
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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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