Innogy SE (IGY) Receives Average Recommendation of “Hold” from Analysts

Innogy SE (ETR:IGY) has earned a consensus recommendation of “Hold” from the twenty-four research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is €34.36 ($42.42).

Several analysts have issued reports on the company. Macquarie set a €42.00 ($51.85) price objective on Innogy and gave the company a “buy” rating in a research note on Tuesday, October 17th. Oddo Bhf set a €34.00 ($41.98) target price on Innogy and gave the company a “neutral” rating in a report on Wednesday, December 27th. Morgan Stanley set a €32.50 ($40.12) target price on Innogy and gave the company a “sell” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. set a €39.50 ($48.77) price target on Innogy and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Finally, Deutsche Bank set a €39.00 ($48.15) price target on Innogy and gave the company a “neutral” rating in a research report on Wednesday, December 6th.

Innogy (ETR IGY) traded down €0.03 ($0.04) on Friday, hitting €30.77 ($37.99). 951,842 shares of the company were exchanged, compared to its average volume of 700,438. Innogy has a one year low of €29.11 ($35.94) and a one year high of €42.68 ($52.69). The company has a market capitalization of $16,920.00 and a price-to-earnings ratio of 14.79.

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Innogy Company Profile

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.

Analyst Recommendations for Innogy (ETR:IGY)

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