Innogy (IGY) Given a €39.00 Price Target at Credit Suisse Group

Innogy (ETR:IGY) has been assigned a €39.00 ($45.35) target price by research analysts at Credit Suisse Group in a research note issued to investors on Monday, February 4th. The brokerage presently has a “sell” rating on the stock. Credit Suisse Group’s price target would indicate a potential downside of 3.25% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy and gave the company a “neutral” rating in a research report on Tuesday, November 13th. DZ Bank reiterated a “neutral” rating on shares of Innogy in a report on Tuesday, November 13th. Jefferies Financial Group set a €36.80 ($42.79) price target on Innogy and gave the company a “neutral” rating in a report on Tuesday, November 13th. Royal Bank of Canada set a €38.00 ($44.19) price target on Innogy and gave the company a “neutral” rating in a report on Tuesday, November 13th. Finally, UBS Group set a €36.76 ($42.74) price target on Innogy and gave the company a “neutral” rating in a report on Tuesday, November 13th. Five analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Innogy presently has a consensus rating of “Hold” and an average price target of €36.79 ($42.78).

Shares of IGY stock traded down €0.33 ($0.38) on Monday, reaching €40.31 ($46.87). 354,839 shares of the company’s stock were exchanged, compared to its average volume of 1,720,000. Innogy has a 52 week low of €29.11 ($33.85) and a 52 week high of €42.68 ($49.63).

Innogy Company Profile

innogy SE operates as an energy company in Europe. It operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division engages in the generation of electricity through onshore and offshore wind power, as well as hydroelectric power generation activities primarily in Germany, the United Kingdom, Spain, the Netherlands, Poland, and Italy.

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Analyst Recommendations for Innogy (ETR:IGY)

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