innogy (IGY) Given Neutral Rating at DZ Bank
Other analysts also recently issued research reports about the company. Morgan Stanley set a €32.50 ($38.69) price objective on innogy and gave the stock a sell rating in a research note on Thursday, August 17th. Kepler Capital Markets set a €35.00 ($41.67) price objective on innogy and gave the stock a neutral rating in a research note on Thursday, August 17th. J P Morgan Chase & Co set a €39.50 ($47.02) price objective on innogy and gave the stock a neutral rating in a research note on Wednesday. Warburg Research set a €42.00 ($50.00) price objective on innogy and gave the stock a buy rating in a research note on Wednesday, August 16th. Finally, Macquarie set a €42.00 ($50.00) price objective on innogy and gave the stock a buy rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of €37.01 ($44.06).
Shares of innogy (IGY) traded down €1.95 ($2.32) during trading on Wednesday, reaching €32.20 ($38.33). The company’s stock had a trading volume of 3,801,927 shares, compared to its average volume of 483,092. innogy has a 52-week low of €30.55 ($36.37) and a 52-week high of €42.68 ($50.81).
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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