HSBC set a €33.00 ($35.48) target price on Innogy SE (ETR:IGY) in a report issued on Thursday morning. The brokerage currently has a a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays PLC set a €33.00 ($35.48) price target on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday. Credit Suisse Group AG set a €31.20 ($33.55) price objective on shares of Innogy SE and gave the company a neutral rating in a report on Wednesday. Berenberg Bank set a €37.00 ($39.78) price objective on shares of Innogy SE and gave the company a buy rating in a report on Wednesday. Goldman Sachs Group Inc. set a €37.00 ($39.78) price objective on shares of Innogy SE and gave the company a neutral rating in a report on Wednesday. Finally, Deutsche Bank AG set a €37.00 ($39.78) price objective on shares of Innogy SE and gave the company a buy rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of €35.29 ($37.95).

Shares of Innogy SE (ETR:IGY) opened at 32.449 on Thursday. Innogy SE has a 1-year low of €30.13 and a 1-year high of €38.62. The firm has a market cap of €16.22 billion and a P/E ratio of 11.045. The firm has a 50 day moving average price of €35.50 and a 200 day moving average price of €35.50.

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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