Sanford C. Bernstein Analysts Give Innogy (ETR:IGY) a €38.40 Price Target

Sanford C. Bernstein set a €38.40 ($44.65) price target on Innogy (ETR:IGY) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada set a €40.00 ($46.51) target price on shares of Innogy and gave the stock a neutral rating in a report on Friday. UBS Group set a €42.00 ($48.84) target price on shares of Innogy and gave the stock a neutral rating in a report on Tuesday, May 14th. Oddo Bhf set a €31.00 ($36.05) target price on shares of Innogy and gave the stock a neutral rating in a report on Wednesday, May 15th. Kepler Capital Markets set a €29.00 ($33.72) target price on shares of Innogy and gave the stock a sell rating in a report on Tuesday, May 14th. Finally, HSBC set a €38.40 ($44.65) target price on shares of Innogy and gave the stock a neutral rating in a report on Friday, April 12th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and an average target price of €36.98 ($43.00).

Shares of ETR IGY traded down €0.47 ($0.55) during midday trading on Friday, reaching €43.20 ($50.23). The company’s stock had a trading volume of 216,165 shares, compared to its average volume of 1,720,000. The company has a debt-to-equity ratio of 194.38, a current ratio of 0.98 and a quick ratio of 0.94. Innogy has a fifty-two week low of €37.08 ($43.12) and a fifty-two week high of €43.88 ($51.02). The company has a market cap of $24.00 billion and a PE ratio of -37.96. The stock has a 50 day simple moving average of €42.79.

About Innogy

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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Analyst Recommendations for Innogy (ETR:IGY)

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