Innogy (IGY) Stock Rating Reaffirmed by DZ Bank

DZ Bank restated their neutral rating on shares of Innogy (ETR:IGY) in a research note published on Tuesday morning, Borsen Zeitung reports.

IGY has been the subject of a number of other reports. Jefferies Financial Group reissued a neutral rating on shares of Innogy in a research report on Monday, December 17th. Barclays set a €37.00 ($43.02) price objective on Innogy and gave the stock a sell rating in a research report on Monday, April 1st. JPMorgan Chase & Co. set a €36.76 ($42.74) price objective on Innogy and gave the stock a neutral rating in a research report on Monday, December 17th. Independent Research set a €34.00 ($39.53) price objective on Innogy and gave the stock a sell rating in a research report on Thursday, March 14th. Finally, Credit Suisse Group set a €39.00 ($45.35) price objective on Innogy and gave the stock a sell rating in a research report on Friday, February 15th. Six equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of €36.47 ($42.41).

Shares of ETR:IGY opened at €41.23 ($47.94) on Tuesday. The company has a debt-to-equity ratio of 188.67, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a market cap of $22.90 billion and a P/E ratio of -35.09. Innogy has a 12-month low of €35.70 ($41.51) and a 12-month high of €41.80 ($48.60).

About Innogy

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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Analyst Recommendations for Innogy (ETR:IGY)

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