Innogy SE (IGY) Given Consensus Recommendation of “Hold” by Analysts
Shares of Innogy SE (ETR:IGY) have received an average rating of “Hold” from the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is €36.83 ($43.34).
A number of research firms have recently issued reports on IGY. Goldman Sachs Group, Inc. (The) set a €41.50 ($48.82) price target on Innogy SE and gave the stock a “buy” rating in a research note on Thursday, July 20th. Deutsche Bank AG set a €40.00 ($47.06) price target on Innogy SE and gave the stock a “buy” rating in a research note on Friday, June 23rd. UBS AG set a €36.00 ($42.35) price target on Innogy SE and gave the stock a “neutral” rating in a research note on Friday, July 7th. Morgan Stanley set a €32.00 ($37.65) price target on Innogy SE and gave the stock a “sell” rating in a research note on Monday, July 24th. Finally, Kepler Capital Markets set a €35.00 ($41.18) price target on Innogy SE and gave the stock a “neutral” rating in a research note on Friday, August 11th.
Innogy SE (IGY) traded up 1.17% on Friday, reaching €39.19. The company’s stock had a trading volume of 1,982 shares. The stock has a market cap of €21.97 billion and a PE ratio of 16.96. The company’s 50 day moving average price is €37.38 and its 200-day moving average price is €36.05. Innogy SE has a 12-month low of €30.12 and a 12-month high of €39.21.
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Innogy SE Company Profile
innogy SE operates as an energy company in Europe. It primarily operates through three segments: Grid & Infrastructure, Renewables, and Retail. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a length of approximately 574,000 kilometers serving approximately 16 million power and 7 million gas customers.
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