Innogy (IGY) Given a €31.80 Price Target by Commerzbank Analysts
Innogy (ETR:IGY) has been assigned a €31.80 ($39.26) price objective by stock analysts at Commerzbank in a research report issued on Friday, February 16th. The brokerage currently has a “neutral” rating on the stock. Commerzbank’s price objective would indicate a potential downside of 7.45% from the stock’s current price.
IGY has been the topic of several other reports. Deutsche Bank set a €40.00 ($49.38) target price on Innogy and gave the company a “buy” rating in a research report on Wednesday, November 8th. Barclays set a €34.00 ($41.98) target price on shares of Innogy and gave the stock a “sell” rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. set a €38.00 ($46.91) target price on shares of Innogy and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Citigroup reaffirmed a “neutral” rating on shares of Innogy in a research note on Friday, November 10th. Finally, Independent Research set a €43.00 ($53.09) price objective on shares of Innogy and gave the company a “neutral” rating in a report on Monday, November 13th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of €34.13 ($42.13).
Innogy (IGY) traded up €0.86 ($1.06) during trading on Friday, reaching €34.36 ($42.42). The company’s stock had a trading volume of 1,650,000 shares, compared to its average volume of 849,941. The stock has a market capitalization of $19,090.00 and a price-to-earnings ratio of 16.52. Innogy has a one year low of €29.11 ($35.94) and a one year high of €42.68 ($52.69).
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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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