Innio N.V. (NASDAQ:INIO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Innio N.V. (NASDAQ:INIO) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $44.80.

INIO has been the subject of a number of recent research reports. Wall Street Zen raised shares of Innio to a “hold” rating in a research note on Saturday, June 13th. UBS Group initiated coverage on shares of Innio in a research note on Monday. They set a “buy” rating for the company. Royal Bank Of Canada began coverage on shares of Innio in a research note on Monday. They set a “sector perform” rating and a $39.00 price objective for the company. Robert W. Baird began coverage on shares of Innio in a research note on Monday. They issued an “outperform” rating and a $50.00 target price for the company. Finally, Citigroup began coverage on shares of Innio in a research note on Monday. They issued a “neutral” rating for the company.

Innio Price Performance

Shares of INIO opened at $37.29 on Monday. Innio has a 1-year low of $30.30 and a 1-year high of $42.95.

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.