Iberdrola SA (IBE) Given a €6.80 Price Target at Societe Generale
Iberdrola SA (MCE:IBE) has been assigned a €6.80 ($7.56) price objective by research analysts at Societe Generale in a note issued to investors on Tuesday. The brokerage currently has a a “buy” rating on the stock.
Several other brokerages have also commented on IBE. HSBC set a €6.70 ($7.44) price objective on shares of Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, July 12th. Morgan Stanley set a €7.10 ($7.89) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Iberdrola SA in a report on Thursday, July 21st. Credit Suisse Group AG set a €6.90 ($7.67) price target on shares of Iberdrola SA and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, BNP Paribas set a €7.20 ($8.00) price target on shares of Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 28th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Iberdrola SA has an average rating of “Buy” and an average target price of €6.82 ($7.58).
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. 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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