Innogy (IGY) Given a €40.00 Price Target by Macquarie Analysts
Innogy (ETR:IGY) received a €40.00 ($49.38) target price from analysts at Macquarie in a report issued on Monday. The firm currently has a “buy” rating on the stock. Macquarie’s price target indicates a potential upside of 2.85% from the stock’s previous close.
Several other analysts have also issued reports on the company. Goldman Sachs Group set a €35.20 ($43.46) price objective on Innogy and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Commerzbank set a €31.80 ($39.26) price objective on Innogy and gave the company a “neutral” rating in a research note on Thursday, February 22nd. UBS Group set a €35.00 ($43.21) price objective on Innogy and gave the company a “neutral” rating in a research note on Wednesday, February 21st. HSBC set a €28.00 ($34.57) price objective on Innogy and gave the company a “sell” rating in a research note on Tuesday, February 20th. Finally, BNP Paribas set a €30.50 ($37.65) price objective on Innogy and gave the company a “sell” rating in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company. Innogy presently has a consensus rating of “Hold” and a consensus price target of €34.08 ($42.08).
Shares of Innogy (ETR:IGY) opened at €38.89 ($48.01) on Monday. The stock has a market capitalization of $21,370.00 and a P/E ratio of 18.70. Innogy has a 52 week low of €29.11 ($35.94) and a 52 week high of €42.68 ($52.69).
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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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