Iberdrola SA (MCE:IBE) has been assigned a €7.80 ($9.18) target price by investment analysts at Deutsche Bank AG in a report released on Wednesday. The firm presently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Morgan Stanley set a €8.00 ($9.41) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.76) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Thursday, July 6th. Macquarie set a €6.70 ($7.88) price objective on shares of Iberdrola SA and gave the company a “neutral” rating in a research note on Monday, June 19th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Iberdrola SA in a research note on Wednesday, June 21st. Finally, S&P Global set a €7.30 ($8.59) price objective on shares of Iberdrola SA and gave the company a “neutral” rating in a research note on Friday, July 21st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €7.17 ($8.44).
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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.
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