Sanford C. Bernstein set a €38.40 ($44.65) price objective on Innogy (ETR:IGY) in a report published on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Barclays set a €37.00 ($43.02) price target on shares of Innogy and gave the stock a sell rating in a research note on Wednesday, June 19th. Berenberg Bank set a €39.00 ($45.35) price target on shares of Innogy and gave the stock a neutral rating in a research note on Thursday, May 16th. Royal Bank of Canada set a €40.00 ($46.51) price target on shares of Innogy and gave the stock a neutral rating in a research note on Friday, August 9th. Oddo Bhf set a €31.00 ($36.05) price target on shares of Innogy and gave the stock a neutral rating in a research note on Wednesday, May 15th. Finally, DZ Bank reissued a neutral rating on shares of Innogy in a research note on Friday, August 9th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Innogy currently has a consensus rating of Hold and an average price target of €37.05 ($43.08).
IGY stock opened at €43.56 ($50.65) on Friday. 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 one year low of €37.09 ($43.13) and a one year high of €43.88 ($51.02). The stock has a market cap of $24.20 billion and a PE ratio of -29.08. The firm has a 50 day simple moving average of €43.01 and a two-hundred day simple moving average of €41.45.
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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