Royal Bank of Canada Reiterates €37.00 Price Target for Innogy (IGY)

Innogy (ETR:IGY) received a €37.00 ($45.68) target price from stock analysts at Royal Bank of Canada in a research note issued on Friday, March 23rd. The firm presently has a “neutral” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 2.37% from the company’s current price.

A number of other research firms also recently weighed in on IGY. Deutsche Bank set a €39.00 ($48.15) target price on shares of Innogy and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Bank of America set a €41.80 ($51.60) price target on shares of Innogy and gave the company a “buy” rating in a research note on Wednesday, November 29th. Commerzbank set a €31.80 ($39.26) price target on shares of Innogy and gave the company a “neutral” rating in a research note on Monday, March 12th. UBS set a €35.00 ($43.21) price target on shares of Innogy and gave the company a “neutral” rating in a research note on Monday, March 12th. Finally, Morgan Stanley set a €30.50 ($37.65) price target on shares of Innogy and gave the company a “sell” rating in a research note on Monday, March 12th. Four analysts have rated the stock with a sell rating and twenty-one have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of €35.63 ($43.99).

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Innogy stock traded down €0.03 ($0.04) during mid-day trading on Friday, reaching €37.90 ($46.79). The company’s stock had a trading volume of 627,744 shares, compared to its average volume of 1,720,000. Innogy has a 12 month low of €29.11 ($35.94) and a 12 month high of €42.68 ($52.69).

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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.

Analyst Recommendations for Innogy (ETR:IGY)

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