Brokerages Set Innogy SE (ETR:IGY) PT at €36.98

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Innogy SE (ETR:IGY) has been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is €37.05 ($43.08).

A number of research analysts have issued reports on the stock. Sanford C. Bernstein set a €38.40 ($44.65) target price on shares of Innogy and gave the company a “neutral” rating in a research note on Friday. UBS Group set a €42.00 ($48.84) price objective on Innogy and gave the stock a “neutral” rating in a report on Friday, August 9th. Kepler Capital Markets set a €29.00 ($33.72) target price on Innogy and gave the company a “sell” rating in a research report on Tuesday, May 14th. Berenberg Bank set a €39.00 ($45.35) target price on Innogy and gave the company a “neutral” rating in a research report on Thursday, May 16th. Finally, Independent Research set a €36.00 ($41.86) target price on Innogy and gave the company a “sell” rating in a research note on Wednesday.

Shares of IGY stock traded up €0.06 ($0.07) during trading hours on Tuesday, reaching €43.56 ($50.65). The stock had a trading volume of 181,984 shares, compared to its average volume of 1,720,000. The company has a debt-to-equity ratio of 215.26, a current ratio of 0.89 and a quick ratio of 0.85. Innogy has a twelve month low of €37.09 ($43.13) and a twelve month high of €43.88 ($51.02). The firm has a 50-day simple moving average of €43.01 and a 200-day simple moving average of €41.45. The firm has a market capitalization of $24.20 billion and a PE ratio of -29.08.

About Innogy

innogy SE operates as an energy company in Europe. The company operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division generates electricity through onshore and offshore wind power, as well as hydroelectric power primarily in Germany, the United Kingdom, the Netherlands, Poland, Spain, and Italy.

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Analyst Recommendations for Innogy (ETR:IGY)

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