Innogy (IGY) Given a €32.50 Price Target by Morgan Stanley Analysts

Morgan Stanley set a €32.50 ($38.69) price target on Innogy (ETR:IGY) in a research note published on Monday. The brokerage currently has a sell rating on the stock.

Several other research analysts have also recently weighed in on IGY. Independent Research set a €38.00 ($45.24) price objective on Innogy and gave the stock a neutral rating in a research report on Monday, September 25th. Deutsche Bank set a €40.00 ($47.62) price objective on Innogy and gave the stock a buy rating in a research report on Thursday, October 5th. Macquarie set a €42.00 ($50.00) price objective on Innogy and gave the stock a buy rating in a research report on Tuesday, October 17th. Citigroup set a €34.70 ($41.31) price objective on Innogy and gave the stock a neutral rating in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group reaffirmed a buy rating on shares of Innogy in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of €34.80 ($41.42).

Innogy (IGY) opened at €32.52 ($38.71) on Monday. The firm has a market capitalization of $17,930.00 and a PE ratio of 15.63. Innogy has a 52-week low of €31.31 ($37.27) and a 52-week high of €42.68 ($50.81).

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Innogy Company Profile

innogy SE operates as an energy company in Europe. It primarily operates through three segments: Grid & Infrastructure, Renewables, and Retail. The Grid & Infrastructure segment operates electricity and gas distribution grids in Germany and Eastern Europe with a length of approximately 574,000 kilometers serving approximately 16 million power and 7 million gas customers.

Analyst Recommendations for Innogy (ETR:IGY)

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