Innio N.V. (NASDAQ:INIO – Get Free Report) shares were down 10% during trading on Tuesday . The company traded as low as $33.12 and last traded at $32.5390. 946,476 shares were traded during trading, a decline of 81% from the average daily volume of 5,062,714 shares. The stock had previously closed at $36.17.
Analyst Upgrades and Downgrades
INIO has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on Innio in a research report on Monday, June 29th. They issued a “sector perform” rating and a $39.00 price target for the company. Robert W. Baird initiated coverage on shares of Innio in a research report on Monday, June 29th. They issued an “outperform” rating and a $50.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $42.00 price objective on the stock. Bank of America started coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $46.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Innio in a report on Monday, June 29th. They issued an “overweight” rating and a $44.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Innio has a consensus rating of “Moderate Buy” and an average price target of $44.60.
Check Out Our Latest Stock Report on INIO
Innio Price Performance
Innio Company Profile
INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.
The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.
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