Morgan Stanley Reiterates “€32.50” Price Target for Innogy SE (IGY)
A number of other equities research analysts have also weighed in on the stock. Kepler Capital Markets set a €35.00 ($41.18) target price on shares of Innogy SE and gave the stock a neutral rating in a report on Thursday. Warburg Research set a €42.00 ($49.41) target price on shares of Innogy SE and gave the stock a buy rating in a report on Wednesday. Independent Research GmbH set a €37.00 ($43.53) target price on shares of Innogy SE and gave the stock a neutral rating in a report on Monday, August 14th. Commerzbank Ag set a €36.50 ($42.94) target price on shares of Innogy SE and gave the stock a neutral rating in a report on Monday, August 14th. Finally, Barclays PLC set a €33.00 ($38.82) target price on shares of Innogy SE and gave the stock a sell rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Innogy SE presently has a consensus rating of Hold and a consensus price target of €36.58 ($43.03).
Shares of Innogy SE (IGY) opened at 37.56 on Thursday. Innogy SE has a 1-year low of €30.12 and a 1-year high of €38.62. The firm has a market cap of €21.06 billion and a P/E ratio of 16.25. The firm has a 50 day moving average price of €35.98 and a 200 day moving average price of €35.07.
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About Innogy SE
innogy SE operates as an energy company in Europe. It operates through three segments: Grid & Infrastructure, Retail, and Renewables. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a total length of approximately 570,000 km serving approximately 16.5 million grid customers.
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