Innogy (IGY) PT Set at €34.00 by Royal Bank of Canada
A number of other brokerages also recently issued reports on IGY. Bank of America set a €41.80 ($49.76) price objective on Innogy and gave the stock a buy rating in a research report on Wednesday, November 29th. Goldman Sachs Group set a €37.00 ($44.05) price objective on Innogy and gave the stock a neutral rating in a research report on Monday, January 1st. Citigroup reissued a neutral rating on shares of Innogy in a research report on Friday, November 10th. Deutsche Bank set a €40.00 ($47.62) target price on Innogy and gave the company a buy rating in a research report on Thursday, October 5th. Finally, JPMorgan Chase & Co. set a €39.50 ($47.02) target price on Innogy and gave the company a neutral rating in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of €34.80 ($41.42).
Shares of Innogy (ETR IGY) traded up €0.24 ($0.29) during trading hours on Thursday, hitting €33.26 ($39.60). The company had a trading volume of 691,142 shares, compared to its average volume of 903,657. The firm has a market cap of $18,480.00 and a P/E ratio of 15.99. Innogy has a 1 year low of €30.92 ($36.81) and a 1 year high of €42.68 ($50.81).
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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