Innogy’s (IGY) “Neutral” Rating Reaffirmed at DZ Bank

DZ Bank restated their neutral rating on shares of Innogy (ETR:IGY) in a report released on Tuesday morning, Borsen Zeitung reports.

A number of other research analysts have also issued reports on IGY. Barclays set a €37.00 ($43.02) target price on Innogy and gave the company a sell rating in a research report on Monday, April 1st. Sanford C. Bernstein set a €38.40 ($44.65) target price on Innogy and gave the company a neutral rating in a research report on Tuesday, March 26th. Jefferies Financial Group set a €36.80 ($42.79) target price on Innogy and gave the company a neutral rating in a research report on Wednesday, March 27th. HSBC set a €38.40 ($44.65) target price on Innogy and gave the company a neutral rating in a research report on Friday, April 12th. Finally, Kepler Capital Markets set a €35.00 ($40.70) target price on Innogy and gave the company a sell rating in a research report on Wednesday, March 13th. Six investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and an average target price of €36.47 ($42.41).

Innogy stock opened at €41.23 ($47.94) on Tuesday. Innogy has a one year low of €35.70 ($41.51) and a one year high of €41.80 ($48.60). The stock has a market cap of $22.90 billion and a PE ratio of -35.09. The company has a debt-to-equity ratio of 188.67, a current ratio of 0.84 and a quick ratio of 0.62.

About Innogy

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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Analyst Recommendations for Innogy (ETR:IGY)

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