JPMorgan Chase & Co. Reiterates €42.00 Price Target for Innogy (ETR:IGY)

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.

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Analyst Recommendations for Innogy (ETR:IGY)

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