DZ Bank Reiterates “Neutral” Rating for Innogy (IGY)

DZ Bank reaffirmed their neutral rating on shares of Innogy (ETR:IGY) in a report released on Tuesday, Borsen Zeitung reports.

Several other brokerages have also recently weighed in on IGY. Credit Suisse Group set a €39.00 ($45.35) price objective on Innogy and gave the stock a sell rating in a research note on Monday, February 4th. Royal Bank of Canada set a €40.00 ($46.51) price objective on Innogy and gave the stock a neutral rating in a research note on Friday, April 26th. Sanford C. Bernstein set a €38.40 ($44.65) price objective on Innogy and gave the stock a neutral rating in a research note on Tuesday, March 26th. Barclays set a €37.00 ($43.02) price objective on Innogy and gave the stock a sell rating in a research note on Monday, April 1st. Finally, HSBC set a €38.40 ($44.65) price objective on Innogy and gave the stock a neutral rating in a research note on Friday, April 12th. Six equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Innogy has an average rating of Hold and an average target price of €36.66 ($42.63).

Shares of ETR IGY opened at €40.37 ($46.94) on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 188.67. Innogy has a 1-year low of €35.70 ($41.51) and a 1-year high of €41.80 ($48.60). The company has a market cap of $22.42 billion and a price-to-earnings ratio of -34.36.

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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