Innogy (ETR:IGY) has been assigned a €30.50 ($37.65) price objective by investment analysts at Morgan Stanley in a note issued to investors on Tuesday. The firm presently has a “sell” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 1.77% from the company’s current price.
A number of other research analysts have also weighed in on the company. Goldman Sachs Group set a €37.00 ($45.68) price objective on Innogy and gave the stock a “neutral” rating in a report on Tuesday, December 26th. Berenberg Bank set a €32.00 ($39.51) price objective on Innogy and gave the stock a “neutral” rating in a report on Friday, January 12th. Deutsche Bank set a €36.00 ($44.44) price objective on Innogy and gave the stock a “buy” rating in a report on Friday, December 15th. Barclays set a €34.00 ($41.98) price objective on Innogy and gave the stock a “sell” rating in a report on Wednesday, November 8th. Finally, Bank of America set a €41.80 ($51.60) price objective on Innogy and gave the stock a “buy” rating in a report on Wednesday, November 29th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the stock. Innogy has an average rating of “Hold” and an average target price of €34.71 ($42.85).
Shares of Innogy (ETR:IGY) traded up €0.13 ($0.16) during mid-day trading on Tuesday, reaching €31.05 ($38.33). The company had a trading volume of 707,655 shares, compared to its average volume of 752,024. Innogy has a 52-week low of €29.11 ($35.94) and a 52-week high of €42.68 ($52.69). The firm has a market capitalization of $17,250.00 and a price-to-earnings ratio of 14.93.
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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