Bank of America Analysts Give Innogy (IGY) a €32.30 Price Target

Innogy (ETR:IGY) has been given a €32.30 ($38.45) price target by research analysts at Bank of America in a research note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the stock. Bank of America’s price objective would indicate a potential downside of 3.35% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Berenberg Bank set a €32.00 ($38.10) price target on Innogy and gave the stock a “neutral” rating in a research report on Friday. Goldman Sachs Group set a €35.20 ($41.90) price target on Innogy and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Kepler Capital Markets set a €35.00 ($41.67) price target on Innogy and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. UBS Group set a €35.00 ($41.67) price target on Innogy and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. set a €33.00 ($39.29) price target on Innogy and gave the stock a “neutral” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of €35.14 ($41.84).

Innogy (ETR IGY) opened at €33.42 ($39.79) on Tuesday. The stock has a market capitalization of $18,320.00 and a price-to-earnings ratio of 16.07. Innogy has a 12-month low of €30.82 ($36.69) and a 12-month high of €42.68 ($50.81).

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About Innogy

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.

Analyst Recommendations for Innogy (ETR:IGY)

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