Independent Research GmbH set a €43.00 ($50.00) price objective on Innogy SE (ETR:IGY) in a research report sent to investors on Monday morning. The brokerage currently has a neutral rating on the stock.
Several other research analysts have also recently weighed in on the stock. Commerzbank Ag set a €36.50 ($42.44) price target on shares of Innogy SE and gave the company a neutral rating in a research report on Monday. Citigroup Inc. reissued a neutral rating on shares of Innogy SE in a research report on Friday. Deutsche Bank AG set a €40.00 ($46.51) price target on shares of Innogy SE and gave the company a buy rating in a research report on Wednesday, November 8th. Barclays PLC set a €34.00 ($39.53) price target on shares of Innogy SE and gave the company a sell rating in a research report on Wednesday, November 8th. Finally, J P Morgan Chase & Co set a €38.00 ($44.19) target price on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of €37.30 ($43.37).
Shares of Innogy SE (ETR IGY) traded down €0.26 ($0.30) during mid-day trading on Monday, hitting €40.43 ($47.01). 428,465 shares of the stock traded hands, compared to its average volume of 401,119. Innogy SE has a 1 year low of €30.12 ($35.02) and a 1 year high of €42.46 ($49.37).
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About Innogy SE
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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