Innogy (IGY) Given a €32.00 Price Target by Berenberg Bank Analysts
A number of other equities analysts have also recently commented on the stock. Deutsche Bank set a €36.00 ($42.86) price target on shares of Innogy and gave the stock a buy rating in a research note on Friday, December 15th. Barclays set a €34.00 ($40.48) price target on shares of Innogy and gave the stock a sell rating in a research note on Wednesday, November 8th. Bank of America set a €41.80 ($49.76) price target on shares of Innogy and gave the stock a buy rating in a research note on Wednesday, November 29th. Citigroup reissued a neutral rating on shares of Innogy in a research note on Friday, November 10th. Finally, Independent Research set a €36.00 ($42.86) price target on shares of Innogy and gave the stock a neutral rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of €35.56 ($42.33).
Innogy (IGY) traded up €0.45 ($0.54) during mid-day trading on Friday, reaching €33.29 ($39.63). 770,039 shares of the company’s stock were exchanged, compared to its average volume of 868,043. Innogy has a fifty-two week low of €30.82 ($36.69) and a fifty-two week high of €42.68 ($50.81). The stock has a market cap of $18,490.00 and a PE ratio of 16.00.
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innogy SE operates as an energy company in Europe. It primarily operates through three segments: Grid & Infrastructure, Renewables, and Retail. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a length of approximately 574,000 kilometers serving approximately 16 million power and 7 million gas customers.
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