Societe Generale set a €6.85 ($7.87) target price on Iberdrola SA (MCE:IBE) in a research report sent to investors on Friday. The brokerage currently has a neutral rating on the stock.
Several other analysts also recently weighed in on the company. S&P Global set a €7.30 ($8.39) target price on Iberdrola SA and gave the company a neutral rating in a research note on Friday. UBS AG set a €6.40 ($7.36) target price on Iberdrola SA and gave the company a neutral rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) set a €7.80 ($8.97) target price on Iberdrola SA and gave the company a neutral rating in a research note on Thursday. Morgan Stanley set a €8.00 ($9.20) target price on Iberdrola SA and gave the company a buy rating in a research note on Tuesday. Finally, J P Morgan Chase & Co set a €7.00 ($8.05) target price on Iberdrola SA and gave the company a buy rating in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of €7.21 ($8.29).
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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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