Innogy (ETR:IGY) Receives “Sell” Rating from DZ Bank

DZ Bank reiterated their sell rating on shares of Innogy (ETR:IGY) in a research note published on Thursday, September 5th, Borsen Zeitung reports.

Several other brokerages have also recently issued reports on IGY. Independent Research set a €36.00 ($41.86) price objective on Innogy and gave the company a sell rating in a research note on Wednesday, August 14th. Kepler Capital Markets set a €29.00 ($33.72) target price on Innogy and gave the stock a sell rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. set a €42.00 ($48.84) price objective on Innogy and gave the company a neutral rating in a research note on Wednesday, August 21st. Royal Bank of Canada set a €40.00 ($46.51) price objective on Innogy and gave the stock a neutral rating in a report on Friday, August 9th. Finally, Barclays set a €37.00 ($43.02) price objective on Innogy and gave the stock a neutral rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of €37.20 ($43.26).

IGY stock traded down €0.23 ($0.27) during midday trading on Thursday, reaching €44.96 ($52.28). The stock had a trading volume of 106,643 shares, compared to its average volume of 1,720,000. Innogy has a 52-week low of €37.79 ($43.94) and a 52-week high of €45.98 ($53.47). The company has a market cap of $25.05 billion and a price-to-earnings ratio of -30.01. The company’s fifty day simple moving average is €43.86 and its 200 day simple moving average is €41.83. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 215.26.

About Innogy

innogy SE operates as an energy company in Europe. The company operates through three divisions: Renewables, Grid & Infrastructure, and Retail. The Renewables division generates electricity through onshore and offshore wind power, as well as hydroelectric power primarily in Germany, the United Kingdom, the Netherlands, Poland, Spain, and Italy.

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Analyst Recommendations for Innogy (ETR:IGY)

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