Innogy SE (ETR:IGY) received a €43.00 ($50.00) price objective from equities research analysts at Independent Research GmbH in a report issued on Monday. The brokerage currently has a “neutral” rating on the stock. Independent Research GmbH’s price objective indicates a potential upside of 6.36% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Societe Generale set a €36.70 ($42.67) price objective on shares of Innogy SE and gave the stock a “neutral” rating in a report on Friday, September 15th. Citigroup Inc. reiterated a “neutral” rating on shares of Innogy SE in a report on Friday, November 10th. Deutsche Bank AG set a €40.00 ($46.51) price objective on shares of Innogy SE and gave the stock a “buy” rating in a report on Thursday, October 5th. Sanford C. Bernstein set a €37.50 ($43.60) price objective on shares of Innogy SE and gave the stock a “neutral” rating in a report on Thursday, September 7th. Finally, Bank of America Corporation set a €38.20 ($44.42) price objective on shares of Innogy SE and gave the stock a “buy” rating in a report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. Innogy SE has a consensus rating of “Hold” and a consensus price target of €37.30 ($43.37).
Innogy SE (ETR:IGY) opened at €40.43 ($47.01) on Monday. Innogy SE has a 1-year low of €30.12 ($35.02) and a 1-year high of €42.46 ($49.37).
About Innogy SE
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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