Innogy SE (IGY) Given a €38.50 Price Target by Sanford C. Bernstein Analysts

Sanford C. Bernstein set a €38.50 ($40.53) price objective on Innogy SE (ETR:IGY) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Independent Research GmbH set a €35.00 ($36.84) price objective on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday, December 7th. Kepler Capital Markets set a €34.00 ($35.79) price objective on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday, December 7th. Goldman Sachs Group, Inc. (The) set a €37.00 ($38.95) price objective on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday, November 16th. Oddo Securities set a €34.00 ($35.79) price objective on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday, December 7th. Finally, Barclays PLC set a €33.00 ($34.74) price objective on shares of Innogy SE and gave the company a neutral rating in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €34.92 ($36.76).

Analyst Recommendations for Innogy SE (ETR:IGY)

Shares of Innogy SE (ETR:IGY) traded down 1.735% during mid-day trading on Tuesday, hitting €31.101. The company had a trading volume of 4,822 shares. The firm has a market cap of €15.55 billion and a PE ratio of 13.145. The firm’s 50 day moving average is €32.22 and its 200-day moving average is €33.58. Innogy SE has a 12-month low of €30.13 and a 12-month high of €38.62.

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Innogy SE Company Profile

Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company’s operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources.

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