Innio N.V. (NASDAQ:INIO) Receives $44.60 Consensus Target Price from Analysts

Shares of Innio N.V. (NASDAQ:INIO) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $44.60.

Several equities research analysts recently weighed in on INIO shares. Morgan Stanley assumed coverage on Innio in a research note on Monday, June 29th. They set an “overweight” rating and a $47.00 target price for the company. Zacks Research upgraded shares of Innio to a “hold” rating in a research note on Tuesday, June 30th. Citigroup began coverage on shares of Innio in a report on Monday, June 29th. They set a “neutral” rating and a $42.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of Innio in a research report on Monday, June 29th. They set a “sector perform” rating and a $39.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Innio in a research report on Monday, June 29th. They issued a “hold” rating and a $41.00 target price on the stock.

Innio Price Performance

INIO opened at $26.28 on Friday. Innio has a one year low of $24.58 and a one year high of $42.95.

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.