Innogy (IGY) Given a €39.00 Price Target at Berenberg Bank

Berenberg Bank set a €39.00 ($45.35) price objective on Innogy (ETR:IGY) in a report published on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on the stock. DZ Bank reiterated a neutral rating on shares of Innogy in a research note on Tuesday, May 14th. Jefferies Financial Group set a €36.80 ($42.79) target price on shares of Innogy and gave the company a neutral rating in a research note on Wednesday, March 27th. Barclays set a €37.00 ($43.02) target price on shares of Innogy and gave the company a sell rating in a research note on Monday, January 28th. Credit Suisse Group set a €39.00 ($45.35) target price on shares of Innogy and gave the company a sell rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. set a €36.76 ($42.74) target price on shares of Innogy and gave the company a sell rating in a research note on Tuesday, May 14th. Six investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The company currently has an average rating of Hold and a consensus target price of €36.66 ($42.63).

Innogy stock opened at €40.37 ($46.94) on Thursday. Innogy has a fifty-two week low of €35.70 ($41.51) and a fifty-two week high of €41.80 ($48.60). The stock has a market cap of $22.42 billion and a P/E ratio of -34.36. The company has a debt-to-equity ratio of 188.67, a quick ratio of 0.62 and a current ratio of 0.84.

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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