Innogy (ETR:IGY) has been given a €30.50 ($37.65) target price by stock analysts at BNP Paribas in a research report issued to clients and investors on Tuesday, February 20th. The firm presently has a “sell” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 21.57% from the company’s current price.
A number of other brokerages have also recently commented on IGY. Bank of America set a €41.80 ($51.60) price target on Innogy and gave the company a “buy” rating in a research note on Wednesday, November 29th. Goldman Sachs Group set a €37.00 ($45.68) price target on Innogy and gave the company a “neutral” rating in a research note on Monday, January 1st. Citigroup reaffirmed a “neutral” rating on shares of Innogy in a research note on Friday, November 10th. JPMorgan Chase & Co. set a €39.50 ($48.77) price target on Innogy and gave the company a “neutral” rating in a research note on Wednesday, December 13th. Finally, Royal Bank of Canada set a €34.00 ($41.98) price target on Innogy and gave the company a “neutral” rating in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €34.08 ($42.08).
Innogy (IGY) remained flat at $€38.89 ($48.01) during trading on Tuesday. 1,950,000 shares of the stock were exchanged, compared to its average volume of 1,650,000. The company has a market capitalization of $21,610.00 and a price-to-earnings ratio of 27.78. Innogy has a fifty-two week low of €29.11 ($35.94) and a fifty-two week high of €42.68 ($52.69).
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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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