Innogy (IGY) Given a €38.60 Price Target by UBS Group Analysts
Innogy (ETR:IGY) received a €38.60 ($44.88) price objective from research analysts at UBS Group in a report released on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential downside of 3.93% from the company’s current price.
IGY has been the subject of a number of other reports. JPMorgan Chase & Co. set a €36.76 ($42.74) price objective on Innogy and gave the company a “neutral” rating in a report on Tuesday, November 13th. Royal Bank of Canada set a €38.00 ($44.19) price objective on Innogy and gave the company a “neutral” rating in a report on Tuesday, November 13th. Jefferies Financial Group set a €36.80 ($42.79) price objective on Innogy and gave the company a “neutral” rating in a report on Tuesday, November 13th. DZ Bank reaffirmed a “neutral” rating on shares of Innogy in a research report on Tuesday, November 13th. Finally, Sanford C. Bernstein set a €38.40 ($44.65) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Tuesday, November 13th. Six research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Innogy currently has an average rating of “Hold” and a consensus price target of €37.18 ($43.23).
Shares of ETR:IGY traded down €0.22 ($0.26) during trading on Wednesday, hitting €40.18 ($46.72). 154,400 shares of the company were exchanged, compared to its average volume of 1,720,000. Innogy has a 1-year low of €29.11 ($33.85) and a 1-year high of €42.68 ($49.63).
innogy SE operates as an energy company in Europe. It operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division engages in the generation of electricity through onshore and offshore wind power, as well as hydroelectric power generation activities primarily in Germany, the United Kingdom, Spain, the Netherlands, Poland, and Italy.
See Also: Cost of Goods Sold (COGS)
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