UBS Group Reiterates “€35.00” Price Target for Innogy (IGY)

UBS Group set a €35.00 ($41.67) target price on Innogy (ETR:IGY) in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.

IGY has been the subject of a number of other reports. Goldman Sachs Group set a €42.00 ($50.00) target price on Innogy and gave the company a buy rating in a report on Thursday, September 21st. Kepler Capital Markets set a €35.00 ($41.67) target price on Innogy and gave the company a neutral rating in a report on Tuesday, September 19th. Macquarie set a €42.00 ($50.00) target price on Innogy and gave the company a buy rating in a report on Wednesday, November 15th. Oddo Bhf set a €34.00 ($40.48) target price on Innogy and gave the company a neutral rating in a report on Thursday, December 21st. Finally, Morgan Stanley set a €32.50 ($38.69) price target on Innogy and gave the stock a sell rating in a report on Monday, December 4th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of €35.84 ($42.67).

Innogy (ETR IGY) opened at €32.84 ($39.10) on Tuesday. The stock has a market capitalization of $18,240.00 and a price-to-earnings ratio of 15.79. Innogy has a fifty-two week low of €30.82 ($36.69) and a fifty-two week high of €42.68 ($50.81).

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Innogy Company Profile

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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