Innogy (IGY) Given a €42.00 Price Target by UBS Group Analysts

Innogy (ETR:IGY) has been given a €42.00 ($48.84) price target by research analysts at UBS Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 4.30% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank set a €37.00 ($43.02) target price on Innogy and gave the stock a “neutral” rating in a research report on Monday, January 21st. Jefferies Financial Group set a €36.80 ($42.79) target price on Innogy and gave the stock a “neutral” rating in a research report on Wednesday, February 6th. DZ Bank restated a “neutral” rating on shares of Innogy in a research report on Wednesday, March 13th. Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, HSBC set a €38.40 ($44.65) target price on Innogy and gave the stock a “neutral” rating in a research report on Friday, April 12th. Six research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €36.47 ($42.41).

IGY stock opened at €40.27 ($46.83) on Tuesday. The firm has a market cap of $22.36 billion and a PE ratio of -34.27. Innogy has a twelve month low of €35.70 ($41.51) and a twelve month 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.

About Innogy

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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