Goldman Sachs Group, Inc. (The) Analysts Give Iberdrola SA (IBE) a €7.80 Price Target

Goldman Sachs Group, Inc. (The) set a €7.80 ($9.29) price objective on Iberdrola SA (MCE:IBE) in a research note issued to investors on Friday. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on IBE. Societe Generale set a €6.85 ($8.15) price target on shares of Iberdrola SA and gave the company a neutral rating in a research report on Friday, July 21st. J P Morgan Chase & Co reiterated a buy rating on shares of Iberdrola SA in a research report on Friday, July 21st. UBS AG set a €6.40 ($7.62) price target on shares of Iberdrola SA and gave the company a neutral rating in a research report on Thursday, July 20th. Morgan Stanley set a €8.00 ($9.52) price target on shares of Iberdrola SA and gave the company a buy rating in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG set a €7.80 ($9.29) price target on shares of Iberdrola SA and gave the company a buy rating in a research report on Wednesday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of €7.22 ($8.60).

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About Iberdrola SA

IBERDROLA, SA is engaged in carrying out electricity and gas activities in Spain and abroad. The Company’s segments include Network business, Deregulated business, Renewable business and Other businesses. The Company’s Network business segment includes all the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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