Innio N.V. (NASDAQ:INIO – Get Free Report)’s share price dropped 7.4% during trading on Friday . The company traded as low as $26.15 and last traded at $25.92. Approximately 308,822 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 4,841,826 shares. The stock had previously closed at $27.99.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 target price on the stock. Wall Street Zen raised shares of Innio to a “hold” rating in a report on Saturday, June 13th. The Goldman Sachs Group began coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 price objective for the company. Royal Bank Of Canada started coverage on shares of Innio in a report on Monday, June 29th. They set a “sector perform” rating and a $39.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Innio in a research note on Monday, June 29th. They set an “overweight” rating and a $47.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.60.
Check Out Our Latest Stock Analysis on INIO
Innio Trading Down 3.8%
About Innio
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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