JPMorgan Chase & Co. set a €42.00 ($48.84) target price on Innogy (ETR:IGY) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
IGY has been the subject of several other reports. Jefferies Financial Group set a €36.80 ($42.79) price objective on Innogy and gave the company a neutral rating in a research note on Tuesday, May 14th. HSBC set a €38.40 ($44.65) target price on Innogy and gave the stock a neutral rating in a research note on Friday, April 12th. Independent Research set a €35.00 ($40.70) target price on Innogy and gave the stock a sell rating in a research note on Thursday, May 16th. Berenberg Bank set a €39.00 ($45.35) target price on Innogy and gave the stock a neutral rating in a research note on Thursday, May 16th. Finally, UBS Group set a €42.00 ($48.84) target price on Innogy and gave the stock a neutral rating in a research note on Tuesday, May 14th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company has an average rating of Hold and a consensus target price of €36.98 ($43.00).
IGY opened at €43.55 ($50.64) on Wednesday. The firm’s 50 day moving average is €42.51. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 194.38. The stock has a market cap of $24.19 billion and a P/E ratio of -38.27. Innogy has a 52 week low of €37.08 ($43.12) and a 52 week high of €43.88 ($51.02).
Innogy Company Profile
innogy SE operates as an energy company in Europe. The company operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division generates electricity through onshore and offshore wind power, as well as hydroelectric power primarily in Germany, the United Kingdom, the Netherlands, Poland, Spain, and Italy.
Featured Story: What is a growth and income fund?
Receive News & Ratings for Innogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innogy and related companies with MarketBeat.com's FREE daily email newsletter.