A number of other research firms have also weighed in on IGY. Deutsche Bank set a €40.00 ($47.62) price objective on Innogy and gave the company a buy rating in a research note on Wednesday, November 8th. Barclays set a €34.00 ($40.48) price objective on Innogy and gave the company a sell rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. set a €38.00 ($45.24) price objective on Innogy and gave the company a neutral rating in a research note on Wednesday, November 8th. Citigroup reissued a neutral rating on shares of Innogy in a research note on Friday, November 10th. Finally, Commerzbank set a €36.50 ($43.45) price objective on Innogy and gave the company a neutral rating in a research note on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the stock. Innogy presently has an average rating of Hold and an average price target of €35.56 ($42.33).
Shares of Innogy (ETR IGY) opened at €33.29 ($39.63) on Wednesday. The firm has a market capitalization of $18,490.00 and a P/E ratio of 16.00. Innogy has a 52 week low of €30.82 ($36.69) and a 52 week high of €42.68 ($50.81).
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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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