Innogy (ETR:IGY) received a €35.00 ($41.67) price objective from stock analysts at Kepler Capital Markets in a report released on Wednesday. The firm currently has a “neutral” rating on the stock. Kepler Capital Markets’ target price would suggest a potential upside of 6.03% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Deutsche Bank set a €40.00 ($47.62) price objective on shares of Innogy and gave the stock a “buy” rating in a report on Wednesday, November 8th. Goldman Sachs Group set a €42.00 ($50.00) price objective on shares of Innogy and gave the stock a “buy” rating in a report on Thursday, September 21st. Macquarie set a €42.00 ($50.00) price objective on shares of Innogy and gave the stock a “buy” rating in a report on Tuesday, October 17th. Bank of America set a €41.80 ($49.76) target price on shares of Innogy and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Warburg Research set a €42.00 ($50.00) target price on shares of Innogy and gave the company a “buy” rating in a report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €35.92 ($42.76).
Innogy (ETR IGY) traded down €0.25 ($0.30) during mid-day trading on Wednesday, reaching €33.01 ($39.30). 242,935 shares of the company’s stock were exchanged, compared to its average volume of 840,929. Innogy has a 12 month low of €30.82 ($36.69) and a 12 month high of €42.68 ($50.81). The firm has a market capitalization of $18,420.00 and a PE ratio of 15.87.
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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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