Morgan Stanley Reiterates €31.00 Price Target for Innogy SE (IGY)
Other analysts have also recently issued reports about the company. HSBC set a €39.00 ($42.86) target price on Innogy SE and gave the stock a neutral rating in a research note on Monday, October 10th. Societe Generale set a €39.50 ($43.41) target price on Innogy SE and gave the stock a neutral rating in a research note on Friday, October 14th. Commerzbank AG set a €34.50 ($37.91) target price on Innogy SE and gave the stock a neutral rating in a research note on Monday, October 10th. Kepler Capital Markets set a €34.00 ($37.36) price target on shares of Innogy SE and gave the stock a sell rating in a research note on Monday, October 10th. Finally, Macquarie set a €41.00 ($45.05) price target on shares of Innogy SE and gave the stock a buy rating in a research note on Friday, October 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €36.50 ($40.11).
Innogy SE (ETR:IGY) opened at 33.10 on Tuesday. The company’s 50-day moving average is €36.36 and its 200 day moving average is €36.36. The firm has a market capitalization of €16.55 billion and a PE ratio of 11.27. Innogy SE has a 1-year low of €31.05 and a 1-year high of €38.62.
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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