Innogy SE (ETR:IGY) received a €42.00 ($50.00) target price from investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Friday, September 8th. The brokerage presently has a “buy” rating on the stock.
Several other brokerages also recently commented on IGY. Morgan Stanley set a €32.00 ($38.10) price objective on Innogy SE and gave the stock a “sell” rating in a research note on Monday, May 15th. UBS AG set a €36.00 ($42.86) price target on Innogy SE and gave the company a “neutral” rating in a research note on Friday, July 7th. Deutsche Bank AG set a €37.00 ($44.05) price target on Innogy SE and gave the company a “buy” rating in a research note on Monday, May 29th. Barclays PLC set a €33.00 ($39.29) price target on Innogy SE and gave the company a “neutral” rating in a research note on Friday, May 12th. Finally, Berenberg Bank set a €37.00 ($44.05) target price on Innogy SE and gave the company a “buy” rating in a research report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of €36.79 ($43.80).
Shares of Innogy SE (ETR:IGY) traded down 2.453% during trading on Friday, reaching €36.512. The company had a trading volume of 5,226 shares. The firm has a 50-day moving average price of €36.99 and a 200-day moving average price of €35.63. Innogy SE has a 52-week low of €30.13 and a 52-week high of €38.62. The company has a market capitalization of €20.47 billion and a P/E ratio of 15.799.
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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