innogy (ETR:IGY) has been given a €32.50 ($38.69) price target by investment analysts at Morgan Stanley in a research note issued on Tuesday, November 14th. The firm currently has a “sell” rating on the stock. Morgan Stanley’s target price points to a potential downside of 16.65% from the company’s current price.
A number of other research firms have also weighed in on IGY. Kepler Capital Markets set a €35.00 ($41.67) target price on shares of innogy and gave the company a “neutral” rating in a report on Friday, August 11th. Barclays set a €33.00 ($39.29) target price on shares of innogy and gave the stock a “sell” rating in a report on Monday, August 14th. Independent Research set a €37.00 ($44.05) target price on shares of innogy and gave the stock a “neutral” rating in a report on Monday, August 14th. Commerzbank set a €36.50 ($43.45) target price on shares of innogy and gave the stock a “neutral” rating in a report on Monday, August 14th. Finally, Warburg Research set a €42.00 ($50.00) target price on shares of innogy and gave the stock a “buy” rating in a report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. innogy has an average rating of “Hold” and an average target price of €37.73 ($44.92).
innogy (ETR IGY) traded up €0.16 ($0.19) during trading on Tuesday, hitting €38.99 ($46.42). 392,283 shares of the stock traded hands, compared to its average volume of 460,534. innogy has a 52-week low of €30.55 ($36.37) and a 52-week high of €42.68 ($50.81).
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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.
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