Morgan Stanley set a €32.00 ($36.78) price target on Innogy SE (ETR:IGY) in a research note released on Tuesday. The firm currently has a sell rating on the stock.
A number of other equities analysts have also recently commented on IGY. Kepler Capital Markets set a €34.00 ($39.08) target price on Innogy SE and gave the stock a neutral rating in a report on Monday, March 20th. Goldman Sachs Group, Inc. (The) set a €35.50 ($40.80) target price on Innogy SE and gave the stock a neutral rating in a report on Tuesday, March 21st. Commerzbank Ag set a €36.50 ($41.95) target price on Innogy SE and gave the stock a neutral rating in a report on Tuesday, March 21st. Societe Generale set a €37.10 ($42.64) target price on Innogy SE and gave the stock a neutral rating in a report on Thursday, March 23rd. Finally, Credit Suisse Group set a €32.40 ($37.24) target price on Innogy SE and gave the stock a neutral rating in a report on Friday, March 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of €36.26 ($41.68).
Innogy SE (ETR IGY) opened at 35.499 on Tuesday. Innogy SE has a 12 month low of €30.13 and a 12 month high of €38.62. The stock has a 50 day moving average price of €35.78 and a 200 day moving average price of €34.41. The stock has a market capitalization of €19.72 billion and a PE ratio of 14.730.
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About Innogy SE
Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company’s operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources.
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