Jefferies Financial Group set a €36.80 ($42.79) target price on Innogy (ETR:IGY) in a research report report published on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently issued reports on IGY. JPMorgan Chase & Co. set a €42.00 ($48.84) price objective on shares of Innogy and gave the company a neutral rating in a research note on Wednesday, July 31st. Kepler Capital Markets set a €29.00 ($33.72) price objective on shares of Innogy and gave the company a sell rating in a research note on Tuesday, May 14th. Oddo Bhf set a €31.00 ($36.05) price objective on shares of Innogy and gave the company a neutral rating in a research note on Wednesday, May 15th. DZ Bank reissued a neutral rating on shares of Innogy in a research note on Tuesday, May 14th. Finally, Barclays set a €37.00 ($43.02) price objective on shares of Innogy and gave the company a sell rating in a research note on Wednesday, June 19th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The stock presently has a consensus rating of Hold and an average target price of €36.98 ($43.00).
IGY stock traded down €0.47 ($0.55) during midday trading on Friday, hitting €43.20 ($50.23). The stock had a trading volume of 216,165 shares, compared to its average volume of 1,720,000. The company has a market cap of $24.00 billion and a price-to-earnings ratio of -37.96. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 194.38. Innogy has a 12-month low of €37.08 ($43.12) and a 12-month high of €43.88 ($51.02). The business has a 50-day moving average price of €42.79.
innogy SE operates as an energy company in Europe. The company operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division generates electricity through onshore and offshore wind power, as well as hydroelectric power primarily in Germany, the United Kingdom, the Netherlands, Poland, Spain, and Italy.
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