Innogy (ETR:IGY) received a €35.00 ($43.21) price objective from equities researchers at UBS Group in a report issued on Monday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential downside of 9.56% from the stock’s previous close.
IGY has been the subject of several other research reports. Kepler Capital Markets set a €35.00 ($43.21) price target on shares of Innogy and gave the stock a “neutral” rating in a research report on Friday, December 15th. JPMorgan Chase & Co. set a €33.00 ($40.74) price target on shares of Innogy and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Goldman Sachs Group set a €42.40 ($52.35) price target on shares of Innogy and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. Warburg Research reiterated a “neutral” rating on shares of Innogy in a research report on Wednesday, December 20th. Finally, Morgan Stanley set a €32.50 ($40.12) price target on shares of Innogy and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of €34.08 ($42.08).
Shares of Innogy (IGY) traded up €4.17 ($5.15) during trading hours on Monday, hitting €38.70 ($47.78). 16,770,000 shares of the stock traded hands, compared to its average volume of 1,000,000. Innogy has a 12 month low of €29.11 ($35.94) and a 12 month high of €42.68 ($52.69). The firm has a market cap of $21,490.00 and a PE ratio of 18.61.
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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