Innogy SE (IGY) PT Set at €37.00 by Berenberg Bank
Innogy SE (ETR:IGY) received a €37.00 ($39.78) price objective from equities researchers at Berenberg Bank in a report released on Wednesday. The brokerage presently has a a “buy” rating on the stock.
IGY has been the topic of a number of other reports. Macquarie set a €41.00 ($44.09) price target on shares of Innogy SE and gave the stock a “buy” rating in a research note on Friday, October 7th. Kepler Capital Markets set a €34.00 ($36.56) price objective on shares of Innogy SE and gave the stock a “sell” rating in a report on Monday, October 10th. Morgan Stanley set a €31.00 ($33.33) price objective on shares of Innogy SE and gave the stock a “sell” rating in a report on Tuesday, November 8th. Commerzbank AG set a €34.50 ($37.10) price objective on shares of Innogy SE and gave the stock a “neutral” rating in a report on Wednesday, October 19th. Finally, Societe Generale set a €39.50 ($42.47) price objective on shares of Innogy SE and gave the stock a “neutral” rating in a report on Friday, October 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the 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 cap of €16.40 billion and a P/E ratio of 11.16. Innogy SE has a one year low of €30.12 and a one year high of €38.62. The stock’s 50 day moving average is €35.50 and its 200-day moving average 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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