Innogy (ETR:IGY) received a €28.20 ($33.57) price objective from equities research analysts at Societe Generale in a research report issued to clients and investors on Friday. The firm currently has a “sell” rating on the stock. Societe Generale’s target price would indicate a potential downside of 15.21% from the company’s current price.
A number of other analysts have also recently weighed in on IGY. Deutsche Bank set a €40.00 ($47.62) price target on shares of Innogy and gave the company a “buy” rating in a report on Wednesday, November 8th. Barclays set a €34.00 ($40.48) price objective on shares of Innogy and gave the company a “sell” rating in a research report on Wednesday, November 8th. JPMorgan Chase & Co. set a €38.00 ($45.24) price target on shares of Innogy and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Citigroup reissued a “neutral” rating on shares of Innogy in a research report on Friday, November 10th. Finally, Commerzbank set a €36.50 ($43.45) price objective on shares of Innogy and gave the stock a “neutral” rating in a research note on Monday, November 13th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have assigned a buy rating to the company. Innogy has a consensus rating of “Hold” and an average target price of €34.80 ($41.42).
Shares of Innogy (IGY) traded up €0.24 ($0.29) during trading on Friday, reaching €33.26 ($39.60). 691,142 shares of the company’s stock traded hands, compared to its average volume of 903,657. Innogy has a one year low of €30.92 ($36.81) and a one year high of €42.68 ($50.81). The company has a market cap of $18,480.00 and a PE ratio of 15.99.
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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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