Innogy (ETR:IGY) received a €34.00 ($39.53) price target from analysts at Independent Research in a research report issued on Thursday. The firm presently has a “sell” rating on the stock. Independent Research’s target price suggests a potential downside of 17.27% from the company’s previous close.

A number of other research firms have also weighed in on IGY. Credit Suisse Group set a €39.00 ($45.35) target price on Innogy and gave the company a “sell” rating in a report on Monday, February 4th. Kepler Capital Markets set a €35.00 ($40.70) target price on Innogy and gave the company a “sell” rating in a report on Wednesday. UBS Group set a €36.76 ($42.74) target price on Innogy and gave the company a “neutral” rating in a report on Friday, November 30th. Jefferies Financial Group set a €36.80 ($42.79) target price on Innogy and gave the company a “neutral” rating in a report on Wednesday, February 6th. Finally, Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy and gave the company a “neutral” rating in a report on Monday, December 17th. Six research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. Innogy currently has an average rating of “Hold” and an average target price of €37.06 ($43.09).

IGY stock opened at €41.10 ($47.79) on Thursday. Innogy has a twelve month low of €29.11 ($33.85) and a twelve month high of €42.68 ($49.63).

About Innogy

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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Analyst Recommendations for Innogy (ETR:IGY)

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