Innogy (ETR:IGY) has been assigned a €36.76 ($42.74) price target by research analysts at UBS Group in a research note issued to investors on Friday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential downside of 8.96% from the company’s previous close.
IGY has been the topic of several other research reports. BNP Paribas set a €38.40 ($44.65) price target on Innogy and gave the stock a “neutral” rating in a report on Monday, September 10th. Sanford C. Bernstein set a €38.40 ($44.65) price target on Innogy and gave the stock a “neutral” rating in a report on Friday, August 10th. DZ Bank restated a “neutral” rating on shares of Innogy in a report on Friday, August 10th. Royal Bank of Canada set a €37.00 ($43.02) price target on Innogy and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, Kepler Capital Markets set a €35.00 ($40.70) price target on Innogy and gave the stock a “sell” rating in a report on Monday, September 17th. Four research analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of €36.25 ($42.16).
Shares of ETR IGY opened at €40.38 ($46.95) on Friday. Innogy has a 1-year low of €29.11 ($33.85) and a 1-year high of €42.68 ($49.63).
innogy SE operates as an energy company in Europe. It operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division engages in the generation of electricity through onshore and offshore wind power, as well as hydroelectric power generation activities primarily in Germany, the United Kingdom, Spain, the Netherlands, Poland, and Italy.
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