Innogy (IGY) Given a €38.40 Price Target at Independent Research

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Independent Research set a €38.40 ($44.65) price objective on Innogy (ETR:IGY) in a report published on Thursday morning. The brokerage currently has a sell rating on the stock.

Other analysts have also recently issued research reports about the stock. DZ Bank reissued a neutral rating on shares of Innogy in a research report on Friday, August 10th. JPMorgan Chase & Co. set a €36.76 ($42.74) price target on shares of Innogy and gave the stock a neutral rating in a research report on Friday, August 10th. Berenberg Bank set a €37.00 ($43.02) price target on shares of Innogy and gave the stock a neutral rating in a research report on Wednesday, July 18th. Kepler Capital Markets set a €35.00 ($40.70) price target on shares of Innogy and gave the stock a sell rating in a research report on Monday, September 17th. Finally, Commerzbank set a €36.76 ($42.74) price target on shares of Innogy and gave the stock a neutral rating in a research report on Friday, November 9th. Four investment analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company’s stock. Innogy presently has a consensus rating of Hold and a consensus price target of €36.25 ($42.16).

Shares of IGY traded up €0.37 ($0.43) during mid-day trading on Thursday, hitting €39.96 ($46.47). 272,724 shares of the company’s stock were exchanged, compared to its average volume of 1,720,000. Innogy has a fifty-two week low of €29.11 ($33.85) and a fifty-two week high of €42.68 ($49.63).

Innogy Company Profile

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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