Innio N.V. (NASDAQ:INIO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Innio N.V. (NASDAQ:INIO) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $44.80.

A number of research analysts have issued reports on INIO shares. Royal Bank Of Canada started coverage on shares of Innio in a report on Monday. They issued a “sector perform” rating and a $39.00 target price for the company. The Goldman Sachs Group started coverage on shares of Innio in a report on Monday. They issued a “buy” rating and a $42.00 target price for the company. Citigroup started coverage on shares of Innio in a report on Monday. They issued a “neutral” rating for the company. Wall Street Zen raised shares of Innio to a “hold” rating in a report on Saturday, June 13th. Finally, Bank of America initiated coverage on shares of Innio in a report on Monday. They issued a “buy” rating and a $46.00 target price for the company.

Innio Price Performance

Shares of Innio stock opened at $37.29 on Monday. Innio has a 12-month low of $30.30 and a 12-month high of $42.95.

About Innio

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.