Innogy SE (ETR:IGY) has been assigned a €36.50 ($42.44) price target by equities research analysts at Commerzbank Ag in a report issued on Monday. The firm presently has a “neutral” rating on the stock. Commerzbank Ag’s price target would suggest a potential downside of 9.72% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Barclays PLC set a €33.00 ($38.37) price target on Innogy SE and gave the stock a “sell” rating in a research note on Monday, August 14th. Kepler Capital Markets set a €35.00 ($40.70) price target on Innogy SE and gave the stock a “neutral” rating in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a €41.50 ($48.26) price target on Innogy SE and gave the stock a “buy” rating in a research note on Thursday, July 20th. Morgan Stanley set a €32.00 ($37.21) price target on Innogy SE and gave the stock a “sell” rating in a research note on Monday, July 24th. Finally, set a €36.00 ($41.86) price target on Innogy SE and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €37.30 ($43.37).
Innogy SE (ETR IGY) opened at €40.43 ($47.01) on Monday. Innogy SE has a 12 month low of €30.12 ($35.02) and a 12 month high of €42.46 ($49.37).
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About Innogy SE
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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