A number of other brokerages have also issued reports on IGY. Societe Generale set a €36.70 ($43.69) target price on innogy and gave the company a neutral rating in a research report on Friday, September 15th. Bank of America set a €41.80 ($49.76) price objective on innogy and gave the stock a buy rating in a research report on Wednesday, November 29th. Citigroup reaffirmed a neutral rating on shares of innogy in a research report on Friday, November 10th. Deutsche Bank set a €40.00 ($47.62) price objective on innogy and gave the stock a buy rating in a research report on Thursday, October 5th. Finally, J P Morgan Chase & Co set a €39.50 ($47.02) price objective on innogy and gave the stock a neutral rating in a research report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of €36.05 ($42.92).
Shares of innogy (IGY) opened at €31.62 ($37.64) on Wednesday. innogy has a 12-month low of €30.82 ($36.69) 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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