Commerzbank Ag Set “€36.50” Target Price for Innogy SE (IGY)

Commerzbank Ag Set “€36.50” Target Price for Innogy SE (IGY)

Innogy SE (ETR:IGY) has been assigned a €36.50 ($39.67) price objective by Commerzbank Ag in a research report issued on Monday. The firm currently has a “neutral” rating on the stock.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein set a €38.50 ($41.85) target price on shares of Innogy SE and gave the stock a “buy” rating in a report on Tuesday, January 10th. Deutsche Bank AG set a €37.00 ($40.22) target price on shares of Innogy SE and gave the stock a “buy” rating in a report on Wednesday, December 14th. Berenberg Bank reaffirmed a “buy” rating on shares of Innogy SE in a report on Tuesday, December 13th. Bank of America Corp set a €36.70 ($39.89) target price on shares of Innogy SE and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, BNP Paribas set a €38.00 ($41.30) price target on shares of Innogy SE and gave the stock a “buy” rating in a research note on Tuesday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of €35.57 ($38.66).

Shares of Innogy SE (ETR:IGY) traded up 0.30% on Monday, hitting €35.18. 315 shares of the company’s stock were exchanged. The stock’s 50 day moving average is €34.31 and its 200 day moving average is €33.47. Innogy SE has a 12 month low of €30.12 and a 12 month high of €38.62. The firm has a market cap of €19.54 billion and a P/E ratio of 8.48.

About Innogy SE

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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