Independent Research Reiterates “€35.00” Price Target for Innogy (IGY)

Independent Research set a €35.00 ($40.70) price target on Innogy (ETR:IGY) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Several other research firms have also recently commented on IGY. Royal Bank of Canada set a €40.00 ($46.51) price target on Innogy and gave the company a neutral rating in a report on Friday, April 26th. Credit Suisse Group set a €39.00 ($45.35) price target on Innogy and gave the company a sell rating in a report on Monday, February 4th. Kepler Capital Markets set a €35.00 ($40.70) price target on Innogy and gave the company a sell rating in a report on Wednesday, March 13th. Jefferies Financial Group set a €36.80 ($42.79) price target on Innogy and gave the company a neutral rating in a report on Wednesday, February 6th. Finally, Barclays set a €37.00 ($43.02) price target on Innogy and gave the company a sell rating in a report on Monday, January 28th. Six investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of €36.66 ($42.63).

IGY traded down €0.25 ($0.29) during midday trading on Thursday, hitting €40.37 ($46.94). The company’s stock had a trading volume of 255,960 shares, compared to its average volume of 1,720,000. The company has a debt-to-equity ratio of 188.67, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a market capitalization of $22.43 billion and a price-to-earnings ratio of -34.36. Innogy has a 52-week low of €35.70 ($41.51) and a 52-week high of €41.80 ($48.60).

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.

Further Reading: What is systematic risk?

Analyst Recommendations for Innogy (ETR:IGY)

Receive News & Ratings for Innogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innogy and related companies with MarketBeat.com's FREE daily email newsletter.