Innogy (ETR:IGY) has been given a €29.00 ($33.72) price objective by investment analysts at Kepler Capital Markets in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Kepler Capital Markets’ price objective indicates a potential downside of 27.99% from the stock’s previous close.

Several other equities research analysts also recently weighed in on IGY. UBS Group set a €38.60 ($44.88) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Thursday, January 17th. Berenberg Bank set a €37.00 ($43.02) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Monday, January 21st. Barclays set a €37.00 ($43.02) price target on shares of Innogy and gave the company a “sell” rating in a research report on Monday, January 28th. Credit Suisse Group set a €39.00 ($45.35) price target on shares of Innogy and gave the company a “sell” rating in a research report on Monday, February 4th. Finally, Jefferies Financial Group set a €36.80 ($42.79) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Wednesday, February 6th. Six research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of €36.47 ($42.41).

Shares of IGY opened at €40.27 ($46.83) on Tuesday. The company has a market cap of $22.36 billion and a P/E ratio of -34.27. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 188.67. Innogy has a twelve month low of €35.70 ($41.51) and a twelve month high of €41.80 ($48.60).

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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