Iberdrola SA (IBE) Given a €7.20 Price Target by Goldman Sachs Group Inc. Analysts
Iberdrola SA (MCE:IBE) has been assigned a €7.20 ($8.00) price target by investment analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday. The firm presently has a a “buy” rating on the stock.
Several other equities analysts have also recently commented on the stock. BNP Paribas set a €5.40 ($6.00) target price on shares of Iberdrola SA and gave the company a “sell” rating in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Iberdrola SA in a research report on Thursday, July 21st. Morgan Stanley reiterated a “neutral” rating on shares of Iberdrola SA in a research report on Monday, July 18th. Societe Generale set a €6.75 ($7.50) price objective on shares of Iberdrola SA and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Finally, HSBC set a €6.70 ($7.44) price objective on shares of Iberdrola SA and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of €6.82 ($7.57).
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. Its Network business includes a range of energy transmission and distribution activities, and other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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