Other research analysts also recently issued reports about the stock. Deutsche Bank set a €40.00 ($47.62) target price on shares of Innogy and gave the company a buy rating in a research report on Thursday, September 7th. Goldman Sachs Group set a €42.00 ($50.00) price target on shares of Innogy and gave the company a buy rating in a research report on Friday, September 8th. Bank of America set a €38.20 ($45.48) price target on shares of Innogy and gave the company a buy rating in a research report on Friday, September 8th. Macquarie set a €42.00 ($50.00) price target on shares of Innogy and gave the company a buy rating in a research report on Tuesday, October 17th. Finally, Warburg Research set a €42.00 ($50.00) target price on Innogy and gave the stock a buy rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €35.56 ($42.33).
Shares of Innogy (ETR IGY) traded up €0.45 ($0.54) during midday trading on Thursday, reaching €33.29 ($39.63). 770,039 shares of the company traded hands, compared to its average volume of 868,043. Innogy has a 1-year low of €30.82 ($36.69) and a 1-year high of €42.68 ($50.81). The firm has a market cap of $18,490.00 and a P/E ratio of 16.00.
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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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