Goldman Sachs Group, Inc. (The) set a €41.50 ($48.82) price objective on Innogy SE (ETR:IGY) in a research report sent to investors on Thursday, July 20th. The brokerage currently has a buy rating on the stock.
IGY has been the topic of several other reports. Deutsche Bank AG set a €37.00 ($43.53) price objective on Innogy SE and gave the company a buy rating in a research note on Friday, April 21st. BNP Paribas set a €38.00 ($44.71) price objective on Innogy SE and gave the company a buy rating in a research note on Thursday, March 30th. Macquarie set a €40.00 ($47.06) price objective on Innogy SE and gave the company a buy rating in a research note on Friday, June 16th. Finally, Berenberg Bank set a €37.00 ($43.53) price objective on Innogy SE and gave the company a buy rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of €36.55 ($43.00).
Shares of Innogy SE (IGY) traded up 0.91% during midday trading on Thursday, reaching €37.69. The company’s stock had a trading volume of 571 shares. Innogy SE has a one year low of €30.12 and a one year high of €38.62. The stock’s 50-day moving average is €35.78 and its 200-day moving average is €35.00. The company has a market capitalization of €20.94 billion and a P/E ratio of 15.64.
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Innogy SE Company Profile
innogy SE operates as an energy company in Europe. It operates through three segments: Grid & Infrastructure, Retail, and Renewables. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a total length of approximately 570,000 km serving approximately 16.5 million grid customers.
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