innogy SE (IGY) PT Set at €38.10 by Commerzbank Ag
innogy SE (ETR:IGY) has been given a €38.10 ($44.82) price target by equities researchers at Commerzbank Ag in a research note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Commerzbank Ag’s price target would indicate a potential downside of 2.19% from the stock’s previous close.
Several other research firms have also commented on IGY. Societe Generale set a €36.70 ($43.18) price objective on innogy SE and gave the company a “neutral” rating in a research report on Friday, September 15th. Citigroup Inc. reissued a “neutral” rating on shares of innogy SE in a research report on Friday, November 10th. Deutsche Bank AG set a €40.00 ($47.06) price objective on innogy SE and gave the company a “buy” rating in a research report on Thursday, October 5th. Sanford C. Bernstein set a €37.50 ($44.12) price objective on innogy SE and gave the company a “neutral” rating in a research report on Thursday, September 7th. Finally, Bank of America Corporation set a €38.20 ($44.94) price objective on innogy SE and gave the company a “buy” rating in a research report on Friday, September 8th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €37.58 ($44.21).
innogy SE (IGY) opened at €38.96 ($45.83) on Wednesday. innogy SE has a 52-week low of €30.55 ($35.94) and a 52-week high of €42.68 ($50.21).
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About innogy SE
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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