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.
ILLEGAL ACTIVITY WARNING: This story was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.com-unik.info/2018/01/10/kepler-capital-markets-analysts-give-innogy-igy-a-35-00-price-target.html.
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.
Receive News & Ratings for Innogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innogy and related companies with MarketBeat.com's FREE daily email newsletter.