Independent Research GmbH set a €36.00 ($38.71) price objective on Innogy SE (ETR:IGY) in a research report report published on Tuesday morning. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Goldman Sachs Group Inc. set a €37.00 ($39.78) price target on Innogy SE and gave the stock a neutral rating in a research note on Wednesday, November 16th. Barclays PLC set a €33.00 ($35.48) price target on Innogy SE and gave the stock a neutral rating in a research note on Wednesday, November 16th. Credit Suisse Group AG set a €31.20 ($33.55) price target on Innogy SE and gave the stock a neutral rating in a research note on Wednesday, November 16th. HSBC set a €33.00 ($35.48) price objective on Innogy SE and gave the stock a neutral rating in a report on Thursday, November 17th. Finally, Deutsche Bank AG set a €37.00 ($39.78) price objective on Innogy SE and gave the stock a buy rating in a report on Wednesday, November 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of €35.35 ($38.01).

Analyst Recommendations for Innogy SE (ETR:IGY)

Shares of Innogy SE (ETR:IGY) opened at 32.977 on Tuesday. The company has a market capitalization of €16.49 billion and a P/E ratio of 11.224. The firm has a 50-day moving average price of €35.15 and a 200 day moving average price of €35.15. Innogy SE has a 12-month low of €30.13 and a 12-month high of €38.62.

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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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