Innogy (ETR:IGY) has been assigned a €28.20 ($33.57) price target by research analysts at Societe Generale in a research note issued to investors on Friday. The firm currently has a “sell” rating on the stock. Societe Generale’s price objective would indicate a potential downside of 15.21% from the stock’s previous close.
IGY has been the subject of several other research reports. Goldman Sachs Group set a €42.00 ($50.00) target price on shares of Innogy and gave the stock a “buy” rating in a research note on Thursday, September 21st. Macquarie set a €42.00 ($50.00) target price on shares of Innogy and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Oddo Bhf set a €34.00 ($40.48) target price on shares of Innogy and gave the stock a “neutral” rating in a research note on Thursday, December 21st. Morgan Stanley set a €32.50 ($38.69) target price on shares of Innogy and gave the stock a “sell” rating in a research note on Monday, December 4th. Finally, Commerzbank set a €36.50 ($43.45) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €34.80 ($41.42).
Innogy (IGY) traded up €0.24 ($0.29) during midday trading on Friday, hitting €33.26 ($39.60). 691,142 shares of the stock traded hands, compared to its average volume of 903,657. Innogy has a 12-month low of €30.92 ($36.81) and a 12-month high of €42.68 ($50.81). The company has a market cap of $18,480.00 and a price-to-earnings ratio of 15.99.
Innogy Company Profile
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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