Innogy SE (IGY) Given Consensus Rating of “Hold” by Brokerages
Innogy SE (ETR:IGY) has received an average recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is €34.36 ($42.42).
Several equities analysts have recently issued reports on the stock. Macquarie set a €42.00 ($51.85) price target on shares of Innogy and gave the company a “buy” rating in a report on Tuesday, October 17th. Oddo Bhf set a €34.00 ($41.98) price target on shares of Innogy and gave the company a “neutral” rating in a report on Wednesday, December 27th. Morgan Stanley set a €32.50 ($40.12) price target on shares of Innogy and gave the company a “sell” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. set a €39.50 ($48.77) price target on shares of Innogy and gave the company a “neutral” rating in a report on Wednesday, November 22nd. Finally, Deutsche Bank set a €39.00 ($48.15) price target on shares of Innogy and gave the company a “neutral” rating in a report on Wednesday, December 6th.
Shares of Innogy (ETR:IGY) traded down €0.03 ($0.04) during mid-day trading on Friday, hitting €30.77 ($37.99). 951,842 shares of the stock traded hands, compared to its average volume of 700,438. Innogy has a one year low of €29.11 ($35.94) and a one year high of €42.68 ($52.69). The firm has a market cap of $16,920.00 and a price-to-earnings ratio of 14.79.
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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