Innogy SE (ETR:IGY) received a €43.00 ($50.00) target price from equities researchers at Independent Research GmbH in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. Independent Research GmbH’s target price indicates a potential upside of 4.94% from the stock’s current price.
A number of other analysts have also recently commented on IGY. Morgan Stanley set a €32.00 ($37.21) price target on Innogy SE and gave the stock a “sell” rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) set a €41.50 ($48.26) target price on Innogy SE and gave the stock a “buy” rating in a research report on Thursday, July 20th. BNP Paribas set a €37.70 ($43.84) target price on Innogy SE and gave the stock a “neutral” rating in a research report on Friday, July 21st. HSBC Holdings plc set a €36.00 ($41.86) target price on Innogy SE and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. set a €34.70 ($40.35) target price on Innogy SE and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €37.14 ($43.19).
Shares of Innogy SE (ETR:IGY) opened at €40.98 ($47.65) on Monday. 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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