innogy SE (IGY) Given Consensus Recommendation of “Hold” by Analysts
innogy SE (ETR:IGY) has earned an average rating of “Hold” from the twenty-four brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is €35.83 ($42.66).
A number of analysts have commented on IGY shares. Deutsche Bank set a €40.00 ($47.62) price target on shares of innogy and gave the company a “buy” rating in a research note on Thursday, September 7th. Goldman Sachs Group set a €42.00 ($50.00) price objective on shares of innogy and gave the stock a “buy” rating in a report on Friday, September 8th. Bank of America set a €38.20 ($45.48) price objective on shares of innogy and gave the stock a “buy” rating in a report on Friday, September 8th. Macquarie set a €42.00 ($50.00) price objective on shares of innogy and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Warburg Research set a €42.00 ($50.00) price objective on shares of innogy and gave the stock a “buy” rating in a report on Thursday, December 14th.
Shares of innogy (ETR IGY) traded down €0.50 ($0.60) during mid-day trading on Thursday, reaching €31.81 ($37.87). 695,727 shares of the company’s stock were exchanged, compared to its average volume of 761,138. innogy has a fifty-two week low of €30.82 ($36.69) and a fifty-two 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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