innogy (IGY) PT Set at €36.00 by Deutsche Bank
innogy (ETR:IGY) received a €36.00 ($42.86) price target from research analysts at Deutsche Bank in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 11.75% from the company’s current price.
A number of other research analysts have also commented on the stock. Commerzbank set a €31.80 ($37.86) price objective on shares of innogy and gave the company a “neutral” rating in a research note on Friday. Kepler Capital Markets set a €35.00 ($41.67) price objective on shares of innogy and gave the company a “neutral” rating in a research note on Friday. Warburg Research set a €42.00 ($50.00) target price on shares of innogy and gave the company a “buy” rating in a report on Thursday. Independent Research set a €36.00 ($42.86) target price on shares of innogy and gave the company a “neutral” rating in a report on Thursday. Finally, Goldman Sachs Group set a €37.00 ($44.05) target price on shares of innogy and gave the company a “neutral” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of €36.52 ($43.48).
innogy (IGY) opened at €32.22 ($38.35) on Friday. innogy has a one year low of €30.55 ($36.37) and a one year high of €42.68 ($50.81).
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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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