UBS set a €38.10 ($45.36) price objective on innogy (ETR:IGY) in a research note published on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts also recently issued reports on the stock. Goldman Sachs Group set a €42.00 ($50.00) price target on shares of innogy and gave the stock a buy rating in a report on Monday, August 21st. Barclays set a €34.00 ($40.48) price target on shares of innogy and gave the stock a sell rating in a report on Wednesday, November 8th. Berenberg Bank set a €38.50 ($45.83) price target on shares of innogy and gave the stock a neutral rating in a report on Monday, September 4th. Citigroup reissued a neutral rating on shares of innogy in a report on Friday, November 10th. Finally, BNP Paribas set a €37.70 ($44.88) price target on shares of innogy and gave the stock a neutral rating in a report on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of €36.52 ($43.48).
Shares of innogy (IGY) opened at €32.22 ($38.35) on Thursday. innogy has a twelve month low of €30.55 ($36.37) and a twelve month high of €42.68 ($50.81).
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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