Jefferies Financial Group Analysts Give Innogy (ETR:IGY) a €36.80 Price Target

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Innogy (ETR:IGY) has been given a €36.80 ($42.79) target price by equities researchers at Jefferies Financial Group in a research note issued to investors on Friday, August 9th, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Jefferies Financial Group’s target price indicates a potential downside of 15.44% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Berenberg Bank set a €39.00 ($45.35) price objective on Innogy and gave the company a “neutral” rating in a research note on Thursday, May 16th. Sanford C. Bernstein set a €38.40 ($44.65) price objective on Innogy and gave the company a “neutral” rating in a research note on Tuesday, May 14th. HSBC set a €38.40 ($44.65) price objective on Innogy and gave the company a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada set a €40.00 ($46.51) price objective on Innogy and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Finally, Barclays set a €37.00 ($43.02) price objective on Innogy and gave the company a “sell” rating in a research note on Wednesday, June 19th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €37.05 ($43.08).

Shares of ETR:IGY opened at €43.52 ($50.60) on Friday. The company has a market capitalization of $24.17 billion and a PE ratio of -38.24. The company has a debt-to-equity ratio of 194.38, a current ratio of 0.98 and a quick ratio of 0.94. The business has a fifty day moving average price of €42.97 and a two-hundred day moving average price of €41.44. Innogy has a 1 year low of €37.08 ($43.12) and a 1 year high of €43.88 ($51.02).

Innogy Company Profile

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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Analyst Recommendations for Innogy (ETR:IGY)

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