Deutsche Bank AG set a €7.80 ($9.18) target price on Iberdrola SA (MCE:IBE) in a research report released on Wednesday morning. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a buy rating on shares of Iberdrola SA in a research note on Wednesday, May 3rd. 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. Barclays PLC set a €7.35 ($8.65) target price on Iberdrola SA and gave the stock a neutral rating in a report on Monday, June 12th. Macquarie set a €6.70 ($7.88) target price on Iberdrola SA and gave the stock a neutral rating in a report on Monday, June 19th. Finally, J P Morgan Chase & Co reaffirmed a buy rating on shares of Iberdrola SA in a report on Wednesday, June 21st. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Iberdrola SA presently has a consensus rating of Hold and an average price target of €7.17 ($8.44).
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Iberdrola SA Company Profile
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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