Innogy (ETR:IGY) Given a €36.80 Price Target at Jefferies Financial Group

Innogy (ETR:IGY) has been assigned a €36.80 ($42.79) price objective by equities researchers at Jefferies Financial Group in a note issued to investors on Wednesday, March 27th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Jefferies Financial Group’s target price indicates a potential downside of 11.05% from the company’s previous close.

A number of other research analysts have also weighed in on IGY. UBS Group set a €36.76 ($42.74) price objective on shares of Innogy and gave the company a “neutral” rating in a research note on Friday, November 30th. Morgan Stanley set a €32.00 ($37.21) price target on shares of Innogy and gave the company a “sell” rating in a research report on Thursday, December 13th. JPMorgan Chase & Co. set a €36.76 ($42.74) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Monday, December 17th. DZ Bank reissued a “neutral” rating on shares of Innogy in a research report on Monday, December 17th. Finally, Royal Bank of Canada set a €38.00 ($44.19) price target on shares of Innogy and gave the company a “neutral” rating in a research report on Monday, December 17th. Six analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Innogy presently has a consensus rating of “Hold” and an average target price of €36.47 ($42.41).

Shares of IGY traded down €0.16 ($0.19) during trading hours on Wednesday, hitting €41.37 ($48.10). 154,701 shares of the stock were exchanged, compared to its average volume of 1,720,000. The stock has a market cap of $22.98 billion and a PE ratio of -35.21. Innogy has a fifty-two week low of €35.70 ($41.51) and a fifty-two week high of €41.80 ($48.60). The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 188.67.

Innogy Company Profile

innogy SE operates as an energy company in Europe. It operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division engages in the generation of electricity through onshore and offshore wind power, as well as hydroelectric power generation activities primarily in Germany, the United Kingdom, Spain, the Netherlands, Poland, and Italy.

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Analyst Recommendations for Innogy (ETR:IGY)

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