Innogy SE (IGY) Given a €37.00 Price Target at Deutsche Bank AG
Several other brokerages have also recently issued reports on IGY. HSBC set a €39.00 ($41.94) target price on shares of Innogy SE and gave the company a neutral rating in a report on Monday, October 10th. Commerzbank AG set a €34.50 ($37.10) target price on shares of Innogy SE and gave the company a neutral rating in a report on Friday, November 11th. Macquarie set a €41.00 ($44.09) target price on shares of Innogy SE and gave the company a buy rating in a report on Friday, October 7th. Societe Generale set a €39.50 ($42.47) target price on shares of Innogy SE and gave the company a neutral rating in a report on Friday, October 14th. Finally, Morgan Stanley set a €31.00 ($33.33) target price on shares of Innogy SE and gave the company a sell rating in a report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Innogy SE presently has a consensus rating of Hold and a consensus target price of €35.29 ($37.95).
Shares of Innogy SE (ETR:IGY) traded up 2.50% on Wednesday, hitting €32.80. The stock had a trading volume of 1,098 shares. The firm has a market capitalization of €16.40 billion and a price-to-earnings ratio of 11.16. Innogy SE has a 1-year low of €30.12 and a 1-year high of €38.62. The firm has a 50 day moving average of €35.60 and a 200-day moving average of €35.60.
Innogy SE Company Profile
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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