Innogy (ETR:IGY) has been given a €35.00 ($41.67) target price by analysts at UBS Group in a report issued on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 5.07% from the company’s previous close.
Several other equities research analysts have also commented on the company. Morgan Stanley set a €32.50 ($38.69) price objective on Innogy and gave the stock a “sell” rating in a research note on Monday. Societe Generale set a €28.20 ($33.57) price target on Innogy and gave the company a “sell” rating in a research report on Friday. Royal Bank of Canada set a €34.00 ($40.48) price target on Innogy and gave the company a “neutral” rating in a research report on Thursday. Bank of America set a €32.30 ($38.45) price target on Innogy and gave the company a “sell” rating in a research report on Tuesday, January 16th. Finally, Berenberg Bank set a €32.00 ($38.10) price target on Innogy and gave the company a “neutral” rating in a research report on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €34.80 ($41.42).
Innogy (ETR:IGY) traded up €0.05 ($0.06) during trading hours on Monday, reaching €33.31 ($39.65). The company’s stock had a trading volume of 523,586 shares, compared to its average volume of 932,727. Innogy has a 52 week low of €31.31 ($37.27) and a 52 week high of €42.68 ($50.81). The stock has a market cap of $18,420.00 and a price-to-earnings ratio of 16.01.
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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