HSBC Analysts Give Innogy (IGY) a €40.00 Price Target

HSBC set a €40.00 ($49.38) price objective on Innogy (ETR:IGY) in a research report released on Monday morning. The firm currently has a neutral rating on the stock.

Several other brokerages also recently commented on IGY. Bank of America set a €41.80 ($51.60) price objective on shares of Innogy and gave the company a buy rating in a research report on Wednesday, November 29th. Goldman Sachs set a €37.00 ($45.68) price objective on shares of Innogy and gave the company a neutral rating in a research report on Monday, January 1st. JPMorgan Chase & Co. set a €39.50 ($48.77) price objective on shares of Innogy and gave the company a neutral rating in a research report on Wednesday, December 13th. Independent Research set a €40.00 ($49.38) price objective on shares of Innogy and gave the company a neutral rating in a research report on Monday, March 12th. Finally, Royal Bank of Canada set a €34.00 ($41.98) price target on shares of Innogy and gave the stock a neutral rating in a report on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and one has assigned a buy rating to the company. Innogy currently has an average rating of Hold and an average target price of €34.97 ($43.18).

Innogy stock opened at €38.34 ($47.33) on Monday. Innogy has a 1 year low of €29.11 ($35.94) and a 1 year high of €42.68 ($52.69). The company has a market cap of $21,380.00 and a P/E ratio of 27.39.

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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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