Innogy SE (ETR:IGY) Given Average Recommendation of “Hold” by Analysts
Shares of Innogy SE (ETR:IGY) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is €37.20 ($43.26).
IGY has been the subject of a number of research reports. 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 report on Friday, August 9th. Sanford C. Bernstein set a €38.40 ($44.65) target price on shares of Innogy and gave the company a “neutral” rating in a research report on Friday, August 16th. UBS Group set a €42.00 ($48.84) target price on shares of Innogy and gave the company a “neutral” rating in a research report on Friday, August 9th. DZ Bank reaffirmed a “sell” rating on shares of Innogy in a report on Thursday, September 5th. Finally, Independent Research set a €39.50 ($45.93) price objective on shares of Innogy and gave the stock a “sell” rating in a report on Friday, September 6th.
IGY stock traded up €0.09 ($0.10) during trading on Friday, reaching €45.19 ($52.55). The stock had a trading volume of 331,447 shares, compared to its average volume of 1,720,000. Innogy has a one year low of €37.79 ($43.94) and a one year high of €45.98 ($53.47). The company’s 50 day moving average is €43.86 and its two-hundred day moving average is €41.83. The company has a market capitalization of $25.11 billion and a price-to-earnings ratio of -30.17. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 215.26.
innogy SE operates as an energy company in Europe. The company operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division generates electricity through onshore and offshore wind power, as well as hydroelectric power primarily in Germany, the United Kingdom, the Netherlands, Poland, Spain, and Italy.
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