Innogy SE (IGY) Given a €34.50 Price Target by Commerzbank AG Analysts
Innogy SE (ETR:IGY) received a €34.50 ($37.91) price objective from analysts at Commerzbank AG in a note issued to investors on Wednesday. The firm currently has a a “neutral” rating on the stock.
A number of other brokerages have also weighed in on IGY. HSBC set a €39.00 ($42.86) price target on shares of Innogy SE and gave the company a “neutral” rating in a research note on Monday, October 10th. Macquarie set a €41.00 ($45.05) price target on shares of Innogy SE and gave the company a “buy” rating in a research note on Friday, October 7th. Societe Generale set a €39.50 ($43.41) price target on shares of Innogy SE and gave the company a “neutral” rating in a research note on Friday, October 14th. Finally, Kepler Capital Markets set a €34.00 ($37.36) price target on shares of Innogy SE and gave the company a “sell” rating in a research note on Monday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Innogy SE has an average rating of “Hold” and a consensus target price of €37.60 ($41.32).
Innogy SE (ETR:IGY) traded down 1.306% during mid-day trading on Wednesday, reaching €38.095. 6,085 shares of the company’s stock traded hands. The firm has a 50 day moving average of €37.87 and a 200 day moving average of €37.87. Innogy SE has a 1-year low of €36.75 and a 1-year high of €38.62. The firm has a market cap of €19.05 billion and a PE ratio of 12.966.
About Innogy SE
Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company’s operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources.
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