Innogy (IGY) PT Set at €35.00 by UBS Group
Innogy (ETR:IGY) has been assigned a €35.00 ($41.67) price target by equities research analysts at UBS Group in a report released on Tuesday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 5.64% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a €33.00 ($39.29) price target on Innogy and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Oddo Bhf set a €34.00 ($40.48) price target on Innogy and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Goldman Sachs Group set a €37.00 ($44.05) price target on Innogy and gave the stock a “neutral” rating in a report on Monday, January 1st. Commerzbank set a €31.80 ($37.86) price target on Innogy and gave the stock a “neutral” rating in a report on Wednesday, December 27th. Finally, Independent Research set a €36.00 ($42.86) price target on Innogy and gave the stock a “neutral” rating in a report on Tuesday, December 26th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of €35.92 ($42.76).
Innogy (IGY) opened at €33.13 ($39.44) on Tuesday. Innogy has a 1-year low of €30.82 ($36.69) and a 1-year high of €42.68 ($50.81). The firm has a market capitalization of $18,410.00 and a price-to-earnings ratio of 15.93.
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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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