JPMorgan Chase & Co. Analysts Give Innogy (ETR:IGY) a €42.00 Price Target

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JPMorgan Chase & Co. set a €42.00 ($48.84) target price on Innogy (ETR:IGY) in a research note released on Friday, August 9th, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

IGY has been the topic of several other research reports. Sanford C. Bernstein set a €38.40 ($44.65) price target on Innogy and gave the company a neutral rating in a report on Tuesday, May 14th. HSBC set a €38.40 ($44.65) price target on Innogy and gave the company a neutral rating in a report on Friday, April 12th. Jefferies Financial Group set a €36.80 ($42.79) price target on Innogy and gave the company a neutral rating in a report on Friday, August 9th. UBS Group set a €42.00 ($48.84) price objective on Innogy and gave the company a neutral rating in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada set a €40.00 ($46.51) price objective on Innogy and gave the company a neutral rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock has a consensus rating of Hold and an average target price of €37.05 ($43.08).

ETR:IGY opened at €43.52 ($50.60) on Friday. The business’s 50-day moving average price is €42.97 and its two-hundred day moving average price is €41.44. Innogy has a twelve month low of €37.08 ($43.12) and a twelve month high of €43.88 ($51.02). The stock has a market cap of $24.17 billion and a P/E ratio of -38.24. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 194.38.

About Innogy

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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