Innio N.V. (NASDAQ:INIO) Given Consensus Rating of “Moderate Buy” by Brokerages

Innio N.V. (NASDAQ:INIO) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $44.60.

Several research analysts recently commented on INIO shares. Zacks Research raised shares of Innio to a “hold” rating in a research note on Tuesday, June 30th. UBS Group started coverage on shares of Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $47.00 target price on the stock. BNP Paribas Exane started coverage on shares of Innio in a research report on Monday, June 29th. They set an “outperform” rating and a $48.00 target price on the stock. Bank of America started coverage on shares of Innio in a research note on Monday, June 29th. They set a “buy” rating and a $46.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Innio in a report on Monday, June 29th. They issued an “overweight” rating and a $44.00 price target for the company.

Innio Stock Performance

NASDAQ:INIO opened at $27.99 on Friday. Innio has a twelve month low of $24.58 and a twelve month high of $42.95.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.