JPMorgan Chase & Co. Reiterates €36.76 Price Target for Innogy (IGY)
Innogy (ETR:IGY) has been assigned a €36.76 ($42.74) target price by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 9.03% from the company’s current price.
Other analysts also recently issued reports about the company. Independent Research set a €38.40 ($44.65) target price on Innogy and gave the stock a “sell” rating in a research report on Thursday, November 15th. Jefferies Financial Group reiterated a “neutral” rating on shares of Innogy in a research report on Monday, December 17th. Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy and gave the stock a “neutral” rating in a research report on Monday, December 17th. 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. Finally, DZ Bank restated a “neutral” rating on shares of Innogy in a report on Tuesday, November 13th. Six equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of €37.18 ($43.23).
ETR:IGY opened at €40.41 ($46.99) on Wednesday. Innogy has a twelve month low of €29.11 ($33.85) and a twelve month 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.
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