innogy (ETR:IGY) has been assigned a €32.50 ($38.69) target price by equities research analysts at Morgan Stanley in a research note issued on Monday. The brokerage presently has a “sell” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 17.77% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group set a €42.00 ($50.00) price target on innogy and gave the company a “buy” rating in a research report on Monday, August 21st. Barclays set a €34.00 ($40.48) price target on innogy and gave the company a “sell” rating in a research report on Wednesday, November 8th. Berenberg Bank set a €38.50 ($45.83) price target on innogy and gave the company a “neutral” rating in a research report on Monday, September 4th. BNP Paribas set a €37.70 ($44.88) price target on innogy and gave the company a “neutral” rating in a research report on Monday, September 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of innogy in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €37.73 ($44.92).
innogy (ETR IGY) opened at €39.53 ($47.05) on Monday. innogy has a 12-month low of €30.55 ($36.37) and a 12-month high of €42.68 ($50.81).
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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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