Innogy (ETR:IGY) Given a €36.80 Price Target at Jefferies Financial Group

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 Company Profile

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.

Featured Story: Strike Price

Analyst Recommendations for Innogy (ETR:IGY)

Receive News & Ratings for Innogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innogy and related companies with MarketBeat.com's FREE daily email newsletter.