Several other equities analysts have also recently issued reports on IBE. Goldman Sachs Group set a €7.10 ($8.45) price objective on Iberdrola and gave the company a neutral rating in a research note on Thursday, September 14th. BNP Paribas set a €7.50 ($8.93) target price on Iberdrola and gave the stock a buy rating in a research note on Tuesday, September 19th. JPMorgan Chase & Co. set a €7.00 ($8.33) target price on Iberdrola and gave the stock a neutral rating in a research note on Tuesday, October 3rd. Credit Suisse Group set a €6.70 ($7.98) target price on Iberdrola and gave the stock a neutral rating in a research note on Friday, October 6th. Finally, Morgan Stanley set a €8.00 ($9.52) target price on Iberdrola and gave the stock a buy rating in a research note on Monday, October 16th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of €7.19 ($8.56).
Shares of Iberdrola (BME IBE) traded up €0.06 ($0.07) on Wednesday, hitting €6.48 ($7.71). The stock had a trading volume of 22,690,000 shares, compared to its average volume of 19,760,000. The stock has a market cap of $40,940.00 and a PE ratio of 13.50. Iberdrola has a fifty-two week low of €5.76 ($6.86) and a fifty-two week high of €7.30 ($8.69).
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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