Innogy SE (IGY) PT Set at €31.20 by Credit Suisse Group AG
Innogy SE (ETR:IGY) received a €31.20 ($33.55) price objective from analysts at Credit Suisse Group AG in a report released on Wednesday. The brokerage presently has a a “neutral” rating on the stock.
Other equities research analysts also recently issued research reports about the company. Macquarie set a €41.00 ($44.09) price target on Innogy SE and gave the stock a “buy” rating in a research report on Friday, October 7th. Deutsche Bank AG set a €37.00 ($39.78) price target on Innogy SE and gave the stock a “buy” rating in a research report on Wednesday. Berenberg Bank set a €37.00 ($39.78) price target on Innogy SE and gave the stock a “buy” rating in a research report on Wednesday. HSBC set a €39.00 ($41.94) target price on Innogy SE and gave the company a “neutral” rating in a report on Monday, October 10th. Finally, Commerzbank AG set a €34.50 ($37.10) target price on Innogy SE and gave the company a “neutral” rating in a report on Monday, October 10th. 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 company’s stock. Innogy SE has a consensus rating of “Hold” and a consensus price target of €35.29 ($37.95).
Shares of Innogy SE (ETR:IGY) opened at 32.80 on Wednesday. The firm has a market capitalization of €16.40 billion and a PE ratio of 11.16. Innogy SE has a 52 week low of €30.12 and a 52 week high of €38.62. The company’s 50 day moving average price is €35.50 and its 200-day moving average price is €35.50.
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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