Innogy SE (IGY) Received Consensus Rating of “Hold” by Analysts

Innogy SE (IGY) Received Consensus Rating of “Hold” by Analysts

Shares of Innogy SE (ETR:IGY) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is €36.61 ($42.57).

Several research analysts have weighed in on the stock. Royal Bank of Canada set a €40.00 ($46.51) target price on shares of Innogy and gave the stock a “neutral” rating in a research report on Friday, April 26th. Barclays set a €37.00 ($43.02) target price on shares of Innogy and gave the stock a “sell” rating in a research report on Monday, April 1st. DZ Bank restated a “neutral” rating on shares of Innogy in a research report on Tuesday, April 16th. Independent Research set a €34.00 ($39.53) target price on shares of Innogy and gave the stock a “sell” rating in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. set a €36.76 ($42.74) target price on shares of Innogy and gave the stock a “sell” rating in a research report on Tuesday, March 19th.

Shares of ETR:IGY traded down €0.04 ($0.05) on Friday, reaching €39.96 ($46.47). The company’s stock had a trading volume of 175,973 shares, compared to its average volume of 1,720,000. Innogy has a 52-week low of €35.70 ($41.51) and a 52-week high of €41.80 ($48.60). The company has a debt-to-equity ratio of 188.67, a quick ratio of 0.62 and a current ratio of 0.84. The stock has a market capitalization of $22.19 billion and a price-to-earnings ratio of -34.01.

Innogy Company Profile

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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