Innio N.V. (NASDAQ:INIO – Get Free Report)’s stock price traded up 11.6% on Tuesday . The stock traded as high as $30.68 and last traded at $30.6430. 2,252,515 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 5,018,710 shares. The stock had previously closed at $27.47.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Innio in a research note on Monday, June 29th. They issued an “outperform” rating and a $50.00 price target on the stock. The Goldman Sachs Group began coverage on Innio in a report on Monday, June 29th. They issued a “buy” rating and a $42.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a research report on Monday, June 29th. They issued a “hold” rating and a $41.00 target price on the stock. UBS Group started coverage on Innio in a research note on Monday, June 29th. They set a “buy” rating and a $47.00 target price on the stock. Finally, Zacks Research raised Innio to a “hold” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.60.
Read Our Latest Stock Report on INIO
Innio Stock Performance
About Innio
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.
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